Newmont Corporation (NYSE:NEM) Announces $0.26 Quarterly Dividend

Newmont Corporation (NYSE:NEM) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, May 27th will be given a dividend of 0.26 per share by the basic materials company on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 27th.

Newmont has decreased its dividend by an average of 0.0%annually over the last three years. Newmont has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Newmont to earn $9.97 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 10.4%.

Newmont Price Performance

NEM stock opened at $112.45 on Friday. The firm has a 50 day simple moving average of $114.75 and a two-hundred day simple moving average of $104.44. The stock has a market cap of $121.44 billion, a PE ratio of 17.60, a P/E/G ratio of 0.85 and a beta of 0.46. Newmont has a one year low of $48.27 and a one year high of $134.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the previous year, the firm posted $1.25 EPS. The firm’s revenue was up 45.8% compared to the same quarter last year. On average, analysts predict that Newmont will post 8.92 EPS for the current fiscal year.

About Newmont

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.