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Newmont Mining: 2023 dividend down 27.27%
Get full details on Newmont Mining's dividend cut and see how its stock performance performed. Stay informed about financial news. Finance.net.
Newmont Mining: 2023 dividend down 27.27%
At the annual general meeting of Newmont Mining, an S&P 500 stock, it was decided to set the dividend payment for 2023 at $1.60. This marks a reduction of 27.27 percent compared to the previous year. The company's total payout is $1.42 billion, a reduction of 18.96 percent year-over-year.
On the day of the Annual General Meeting, Newmont Mining securities traded at $38.60 at the NYSE close. The dividend yield for 2023 is 3.87 percent, which represents a decrease of 4.66 percent compared to the previous year. In the last five years, the share price has increased by 22.04 percent, with the real return (price + dividend) showing a stronger development with an increase of 69.81 percent.
Analysts forecast a dividend cut to $1.00 in 2024, which corresponds to an expected dividend yield of 2.59 percent. Newmont Mining, listed as a dividend stock in the S&P 500, has a market value of $43.492 billion. The company's P/E ratio currently stands at 0.00, sales were $11.775 billion in 2023, while EPS was -$3.00.