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

Newmont Corporation (NYSE:NEMGet Free Report) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, September 3rd will be given a dividend of 0.26 per share by the basic materials company on Monday, September 28th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, September 3rd.

Newmont has decreased its dividend by an average of 0.0%per year over the last three years. Newmont has a dividend payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Newmont to earn $9.98 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 Stock Down 0.9%

NEM traded down $0.84 during trading on Friday, hitting $93.88. The stock had a trading volume of 4,930,165 shares, compared to its average volume of 9,205,698. The stock has a 50 day simple moving average of $100.25 and a two-hundred day simple moving average of $110.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. Newmont has a twelve month low of $61.76 and a twelve month high of $134.88. The company has a market capitalization of $100.22 billion, a PE ratio of 12.17, a PEG ratio of 1.14 and a beta of 0.46.

Newmont (NYSE:NEMGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.05. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.36 billion. During the same quarter last year, the firm earned $1.43 EPS. On average, research analysts predict that Newmont will post 8.9 earnings per share for the current year.

Key Newmont News

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Newmont Company Profile

(Get Free Report)

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.

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Dividend History for Newmont (NYSE:NEM)

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