Fortitude Gold Corp. (OTCQB:FTCO) reduced its monthly dividend to $0.01 per share, a 75% cut from the $0.04 per share it had been paying since April 2025. The dividend will be paid on February 27 2026 to shareholders of record as of February 18 2026.
The reduction is part of a broader cost‑containment strategy aimed at preserving liquidity for operational and development needs. Fortitude has been focusing on the County Line and Scarlet South projects, which require significant capital to bring online and to sustain production. By lowering the dividend, the company frees cash that can be directed toward these projects and toward meeting a substantial equipment lease obligation that supports its in‑house mining fleet.
The dividend cut signals a shift in management’s priorities from generating regular income for investors to strengthening the balance sheet and ensuring the company can fund its growth initiatives. While the move reduces the monthly cash return for shareholders, it also lowers the risk of future dividend cuts and positions Fortitude to maintain production and development momentum without jeopardizing its financial stability.
Fortitude’s decision follows a period of increased dividend payments—its dividend rose to $0.04 in April 2025 after a $0.03 level that had been in place since May 2023. The recent 75% reduction reflects the company’s assessment that continued dividend payouts could threaten its ability to finance critical mine development and equipment leasing, thereby affecting future cash flow and operational sustainability.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.