Gold stocks could possibly be a great way for traders to diversify their portfolios and get publicity to the commodity. Some gold miners pay dividends that additionally reward shareholders alongside the way in which.
Here’s a take a look at three dividend gold stocks that yield over 1.5%.
Newmont Company: The world’s main gold firm is Newmont Company (NYSE: NEM).
The gold firm additionally has the best dividend payout quantity and dividend yield within the sector on the time of writing, with $1.60 annual and a pair of.8%, respectively.
Newmont noticed report third-quarter outcomes with over 1.5 million ounces of gold mined.
The corporate raised the dividend within the third quarter, pushing its yield over the S&P 500 index common. Newmont has returned $2.5 billion to shareholders in 2019 and 2020 by way of dividends and share buybacks.
Newmont has been public since 1925 and is the one gold producer within the S&P 500.
Newmont stock is up 31% in 2020 and up 216% over the past 5 years.
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Within the first 9 months of 2020, Barrick mined 3.6 million ounces of gold. Income for Barrick was $9.Three billion within the first 9 months.
Barrick raised its quarterly dividend from Eight cents to 9 cents within the third quarter.
Barrick Gold made headlines when Berkshire Hathaway (NYSE: BRK-A) took a $562-million stake within the firm. Some have mentioned it may not have been Warren Buffett who made the acquisition, as he has been vocal towards gold for years.
During the last 5 years, Barrick shares are up over 200%. Shares are up 23% in 2020.
Agnico Eagle Mines: Canadian miner Agnico Eagle Mines (NYSE: AEM) operates mines in Canada, Finland and Mexico. The corporate additionally has pipeline for tasks in the US.
The corporate raised its dividend within the third quarter by 75% and now has a dividend yield of two.2%.
Agnico has paid a dividend yearly since 1983.
“The company and its shareholders have full exposure to gold prices due to its long-standing policy of no forward gold sales.”
By the primary 9 months of 2020, the corporate mined 1.2 million ounces of gold.
Shares of Agnico are up 2% in 2020 and up over 130% over the past 5 years.
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