NEM’s Strong Dividend History Helps Get It To The | U.S. Finance News
Newmont Corp (Symbol: NEM) has been named as a Top 5 dividend paying metals and mining stock, in keeping with Dividend Channel, which revealed its weekly ”DividendRank” report. The report famous that amongst metals and mining corporations, NEM shares displayed each enticing valuation metrics and powerful profitability metrics. For instance, the current NEM share price of $43.58 represents a price-to-book ratio of 1.6 and an annual dividend yield of 2.29% — by comparability, the average metals and mining stock in Dividend Channel’s protection universe yields 2.1% and trades at a price-to-book ratio of 2.2. The report additionally cited the sturdy quarterly dividend historical past at Newmont Corp, and favorable long-term multi-year growth charges in key basic information factors.
The report acknowledged, ”Dividend traders approaching investing from a worth standpoint are typically most fascinated with researching the strongest most profitable corporations, that additionally occur to be trading at an enticing valuation. That’s what we intention to search out utilizing our proprietary DividendRank method, which ranks the protection universe based mostly upon our varied standards for each profitability and valuation, to generate a listing of the highest most ‘fascinating’ stocks, meant for traders as a source of concepts that advantage additional analysis.”
The annualized dividend paid by Newmont Corp is $1/share, presently paid in quarterly installments, and its most up-to-date dividend has an upcoming ex-date of 03/04/2025. Below is a long-term dividend historical past chart for NEM, which Dividend Channel burdened as being of key significance. Indeed, learning a company’s previous dividend historical past will be of good help in judging whether or not the newest dividend is more likely to proceed.
The Top 5 DividendRank’ed Metals Stocks »
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Funds Holding ADSThe views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
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