Gluskin Sheff + Associates Inc. declared a special dividend of 5 Canadian cents a share and raised its regular quarterly payout by 11%. National Bankid the special dividend level was well below its forecast of 21 Canadian cents a share. The wealth-management firm also posted a fourth-quarter profit of 39 Canadian cents a share, down from a year earlier but in line with analyst expectations.
Kinross Gold lowered its capital-spending guidance for the year and said it sees production for the year at the high end of previous guidance. The miner also lowered its cash cost guidance and said it continues to evaluate options to cut overhead costs.
Sherritt International said it would suspend its quarterly dividend as part of an overall bid to cut operating costs and capital spending.