Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) declared a quarterly dividend on Monday, August 12th, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.04 per share by the basic materials company on Monday, September 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, August 29th.
Barrick Gold has raised its dividend payment by an average of 50.6% annually over the last three years and has increased its dividend every year for the last 4 years. Barrick Gold has a payout ratio of 5.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Barrick Gold to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 27.1%.
Shares of NYSE:GOLD traded down $0.23 during trading on Tuesday, hitting $17.73. 11,818,321 shares of the company traded hands, compared to its average volume of 17,650,860. The company has a market capitalization of $32.10 billion, a PE ratio of 50.64, a price-to-earnings-growth ratio of 19.60 and a beta of -0.24. The stock has a fifty day simple moving average of $16.70. Barrick Gold has a one year low of $9.53 and a one year high of $18.66. The company has a quick ratio of 1.47, a current ratio of 2.46 and a debt-to-equity ratio of 0.30.
About Barrick Gold
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the ZaldÃvar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
Recommended Story: Relative Strength Index
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.