Newmont Corporation (NYSE:NEM) Plans Quarterly Dividend of $0.26

Newmont Corporation (NYSE:NEMGet Free Report) announced 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) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 3rd.

Newmont has decreased its dividend by an average of 0.0%annually over the last three years. Newmont has a payout ratio of 23.0% meaning 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 Price Performance

NEM traded down $0.86 during midday trading on Friday, hitting $93.86. The stock had a trading volume of 5,154,840 shares, compared to its average volume of 9,207,917. Newmont has a 1 year low of $61.76 and a 1 year high of $134.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. The business has a fifty day moving average of $100.25 and a 200 day moving average of $110.06. The company has a market cap of $100.20 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46.

Newmont (NYSE:NEMGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.05 by $0.05. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.36 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. During the same period last year, the firm posted $1.43 earnings per share. As a group, equities analysts forecast that Newmont will post 8.9 earnings per share for the current fiscal year.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

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.

Further Reading

Dividend History for Newmont (NYSE:NEM)

Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.com's FREE daily email newsletter.