Goldcorp Keeps Dividend Steady
Gold miner Goldcorpannounced today its dividend for the month of August of $0.05 per share, the same rate it's paid each month in 2013 after having raised the payout 11% from $0.045 per share.
The board of directors said the quarterly dividend is payable on August 30 to holders of record at the close of business on August 22. The gold miner has made monthly payouts to investors since 2003.
Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends. All dividends paid in 2006 and subsequent years are "eligible dividends" for this purpose.
The regular dividend payment equates to a $0.60-per-share annual dividend, yielding 2.1% based on the closing price today of Goldcorp's stock.
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