cnw







Toronto Stock Exchange: G New York Stock Exchange: GG


(All dollar amounts in United States dollars (US$))


VANCOUVER, Feb. 7 /CNW/ - GOLDCORP INC. (GG: NYSE; G: TSX) is pleased to declare its second monthly dividend payment for 2011 of
$0.03 per share, which reflects the Company's announcement to double
the dividend on October 27, 2010. Shareholders of record at the close
of business on Thursday, February 17, 2011 will be entitled to receive
payment of this dividend on Friday, February 25, 2011. Goldcorp has
paid a monthly dividend to its shareholders since 2003. Canadian
resident individuals who receive dividends from Goldcorp after 2005 are
entitled to an enhanced gross-up and dividend tax credit on such
dividends.


Pursuant to tax legislation enacted in 2007, Canadian resident
individuals who receive "eligible dividends" in 2006 and subsequent
years will be entitled to an enhanced gross-up and dividend tax credit
on such dividends. All dividends paid in 2006 and subsequent years by
Goldcorp Inc. are "eligible dividends" for this purpose.


Goldcorp is one of the world's fastest growing senior gold producers.
Its low-cost gold production is located in safe jurisdictions in the
Americas and remains 100% unhedged.


Cautionary Note Regarding Forward Looking Statements