Nevsun Increases Semi-Annual Dividend by 40%

It took 8 years for Nevsun from Discovery to Production of Bisha
It took 8 years for Nevsun from Discovery to Production of Bisha

By Nevsun,

Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) is pleased to advise that its Board of Directors has increased the semi-annual cash dividend by US$0.02 per common share to US$0.07 per common share (US$0.14 per common share annually).The dividend is payable on July 15, 2013 to shareholders of record as of the close of business on June 28, 2013.

This is the fifth dividend payment under the Company’s progressive dividend policy.

Nevsun has a strong balance sheet and this dividend policy confirms our focus on generating cash flow from operations and providing a healthy return to shareholders,” said Cliff Davis, CEO.

This dividend qualifies as an ‘eligible dividend’ for Canadian income tax purposes.