Goldcorp Inc. Declares Quarterly Dividend of $0.02 (GG)
Goldcorp Inc. (NYSE:GG) (TSE:G) announced a quarterly dividend on Tuesday, December 5th, Wall Street Journal reports. Stockholders of record on Thursday, December 14th will be paid a dividend of 0.02 per share by the basic materials company on Friday, December 22nd. This represents a $0.08 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Wednesday, December 13th.
Goldcorp has decreased its dividend payment by an average of 41.5% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Goldcorp has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Goldcorp to earn $0.53 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 15.1%.
Shares of Goldcorp (NYSE:GG) traded down $0.27 on Tuesday, hitting $12.29. 11,324,776 shares of the stock traded hands, compared to its average volume of 7,455,263. Goldcorp has a 1-year low of $11.91 and a 1-year high of $17.87. The stock has a market capitalization of $10,740.00, a P/E ratio of 24.00, a P/E/G ratio of 3.07 and a beta of -0.10. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17.
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Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
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