Newmont Corp Ranks Among Top Dividend Stocks in Metals Sector

Newmont Corp (Symbol: NEM) has been highlighted as one of the top five dividend-paying stocks in the metals and mining sector, as reported by Dividend Channel in its weekly “DividendRank” update. The report emphasizes that Newmont’s shares offer attractive valuation and profitability metrics compared to its peers in the industry.

Currently, NEM shares trade at a price of $43.58, which translates to a price-to-book ratio of 1.6. The annual dividend yield for Newmont stands at 2.29%, surpassing the average yield of 2.1% for metals and mining stocks within Dividend Channel’s coverage. Additionally, the report highlights Newmont Corp’s strong history of quarterly dividends and favorable long-term growth rates in essential financial indicators.

The report suggests, “Dividend investors who focus on value tend to look for companies that demonstrate both strong profitability and attractive valuations. Our proprietary DividendRank formula helps identify such stocks, creating a list of the most compelling options for further analysis.“

Newmont Corp’s annualized dividend is set at $1 per share, paid quarterly, with the next ex-dividend date scheduled for March 4, 2025. For investors, reviewing the company’s long-term dividend history is crucial in assessing the likelihood of maintaining current distribution levels.

Top 5 DividendRank’ed Metals Stocks »

Also see:

• Institutional Holders of TNDM
• PG Next Dividend Date
• Funds Holding ADS

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.