GOLD: Newmont increases quarterly dividend by 79%

COLORADO - Newmont, the world’s no. 1 gold miner, announced a quarterly dividend of US$0.25 per share of common stock, to be paid to holders of record at the close of the business day on Jun. 4. The decision represents a “significant increase to its industry-leading dividend,” the company said. In January, Newmont announced it will increase its quarterly dividend to US$1.00 per share annually. The company said that future quarterly dividends would depend on the company’s financial results, cash flow, and duration and impact of the COVID-19 pandemic. Midday Wednesday, Newmont’s stock was up 3.3% on the New York Stock Exchange. The company has a US$49.5-billion market capitalization.