Newmont Corporation (NEM) To Go Ex-Dividend on November 25th

Newmont Corporation (NYSE:NEM) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share by the basic materials company on Monday, December 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 25th.

Newmont has a dividend payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Newmont to earn $9.88 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 10.5%.

Newmont Stock Performance

NYSE:NEM opened at $108.72 on Friday. The stock has a 50-day moving average price of $121.86 and a 200 day moving average price of $110.99. The stock has a market capitalization of $114.55 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.11 and a beta of 0.51. Newmont has a 12-month low of $76.05 and a 12-month high of $135.29. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. Newmont had a return on equity of 30.02% and a net margin of 34.73%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the firm earned $1.71 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. Equities research analysts forecast that Newmont will post 9.04 EPS for the current fiscal year.

Newmont Company Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.