Newmont Corporation (NEM) To Go Ex-Dividend on May 27th

Newmont Corporation (NYSE:NEM) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Wednesday, May 27th will be given a dividend of 0.26 per share by the basic materials company on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 27th.

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. Equities research analysts expect Newmont to earn $10.69 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 9.7%.

Newmont Stock Performance

Shares of Newmont stock opened at $107.74 on Monday. The company has a market cap of $115.02 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 1.54 and a beta of 0.43. Newmont has a 52 week low of $51.80 and a 52 week high of $134.88. The business has a 50 day moving average price of $111.03 and a 200-day moving average price of $108.19. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 45.8% on a year-over-year basis. Equities analysts anticipate that Newmont will post 9.47 earnings per share for the current fiscal year.

Newmont Company Profile

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.