Replies to post #602 on Newmont Corporation (NEM)

[benfrankledger]

The company has said that it will increase dividends by “at least 50%” in 2018, thanks to the solid performance of its assets and improvement in the balance sheet.

The company will likely provide additional details on the new dividend and the payout policy in February. On an annualized basis, the company has been paying a dividend of $0.30 per share which translates into a yield of just 0.84%.

But a 50% increase could push the yield to a more respectable 1.25%. By comparison, most of the major gold miners pay a dividend of roughly 1% or lower.