Business
3 ASX 200 gold miners paying dividends
There are quite a few S&P/ASX 200 Index (ASX: XJO) gold miners that pay dividends.
Some of those gold miners pay larger dividends than others.
Newcrest Mining Limited (ASX: NCM)
Newcrest Mining has a market capitalisation north of $20 billion.
Today, the company announced a new dividend policy to generate shareholder returns.
Newcrest’s new policy will target a payout of 30% to 60% of annual free cash flow to be paid in dividends. This is an increase from the previous range of 10% to 30%.
The board said that it was comfortable with the new policy having regard to Newcrest’s strong balance sheet, with minimal near term debt obligations and with financial policy metrics all very comfortably within targets, as well as its high…
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