Newmont Mining (NEM) Raises Quarterly Dividend 86.7% to $0.14; 1.4% Yield

Newmont Mining (NYSE: NEM) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. This is an 86.7% increase from the prior dividend of $0.075.

The dividend will be payable on March 22, 2018, to stockholders of record on March 8, 2018, with an ex-dividend date of March 7, 2018.

The annual yield on the dividend is 1.4 percent.

“We’re pleased to announce that we have raised our dividend to nearly three times higher than the prior year quarter,” said Gary J. Goldberg, President and Chief Executive Officer. “This increase reflects our strong balance sheet and steady long-term production profile – and our equally strong conviction that we can continue to generate superior returns while investing in the next generation of Newmont mines.”

For a dividend history and other dividend-related data on Newmont Mining (NEM) click here.

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