When the price of gold increases, Newmont Mining Corp.'s (NEM) shareholders prosper. NEM engages in the acquisition, exploration, and production of gold and copper properties. July 15th the company increased its quarterly dividend 17% to $0.35 per share of common stock. The dividend is payable on September 28, 2012, to holders of record at the close of business on September 6, 2012. The yield based on the new payout is 3.0%.
The company links its dividend to the price of gold and recently revised formula from the Company's average realized gold price to the average London P.M. Fix price for the preceding quarter. The third quarter 2012 dividend of $0.35 per share was based on the average London P.M. Fix of $1,609 per ounce for the second quarter 2012.
Source: Dividend Growth Stocks
Related Articles:
- 2011 Was A Great Year For Dividend Stocks
- Utilities Stock Funds Were 2011's Bright Star
- 2011 Dividend Increases Nearly Doubled, and 7 Dividend Stocks that Led the Way
- 6 Dividend Stocks For The New Year
- Bonds Look Morbid When Compared To These Dividend Stocks
This Dividend Stock Shines Like Gold
Posted by D4L | Thursday, July 26, 2012 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Investors wanting to enjoy steady and consistent income should consider dividend aristocrats. In fact, even in these chaotic times, dividend...
-
The best dividend stocks have one thing in common: resiliency. They can continue increasing their dividends even in the harshest economic en...
-
Higher dividend yields often imply that the underlying company paying the dividend has a higher risk profile. However, that's not always...
-
Dividends and diversification -- those two things can help you achieve a comfortable retirement when combined with the income you will recei...
-
A select group of monthly dividend stocks pays dividends at a rate of 10% or higher. Those are the ones on this list. Investors should be aw...
-
It's hard to beat a sustainable, high-yield dividend paired with a beaten-down valuation. The best dividend stocks offer high yields and...
-
How high is too high when it comes to dividend stocks? Of course, every income investor wants as much yield as possible. However, they also ...
-
When hunting for discounted investments, one excellent starting point is to look for businesses with dividend yields trading above their fiv...
-
Strange but true: seniors fear death less than running out of money in retirement. And unfortunately, even retirees who have built a nest eg...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.