B2Gold (BTG) shares were down nearly 1% in recent Tuesday trading, a day after the company said it is lowering its quarterly dividend to $0.02 per common share from $0.04.

Additionally, the company said late Monday that it is planning a normal course issuer bid to purchase up to 5% of its outstanding shares, subject to the approval of the Toronto Stock Exchange.

The normal course issuer bid is expected to start later in Q1 and last up to a year, the company said.

Price: 2.47, Change: -0.02, Percent Change: -0.80