Shareholders of Newcrest Mining Ltd (ASX: NCM) are about to strike gold today. Not through any prospecting that this ASX 200 gold miner is doing. Or from the 0.58% rise to $27.03 that the Newcrest share price is presently enjoying. Rather, today is the day that Newcrest shareholders will receive the company’s latest dividend payment.
Today’s dividend is Newcrest’s interim payment. The gold miner announced the dividend in its half-year earnings report that was delivered last month. This earnings report, covering the six months to 31 December, outlined a difficult environment for Newcrest. The company reported a 46% slide in statutory profits, as well as a 21% fall in revenues.
This was perhaps why the interim dividend of 7.5 US cents per share, or 10.4 cents in our currency, was significantly below the 19.31 cents per share interim dividend that investors saw last year.
This dividend is also a notable decrease from Newcrest’s last dividend payment, which was the final dividend for FY21 paid out in September. That dividend was worth 55.2 cents per share.
Newcrest investors have dividend nuggets in their pans today
Anyhow, Newcrest shareholders will receive this latest interim dividend of 10.4 cents per share fully franked today. But if you have recently bought shares in the gold miner, you may be out of luck. Newcrest traded ex-dividend for this payment back on 25 February. That means any ASX investor who opened a position in Newcrest on or after that date will not be eligible to receive this dividend. Conversely, any investor who sold their Newcrest shares between 25 February and today will still receive the payment.
Putting together this dividend with the company’s September final payment and we get to a total of 65.64 cents per share, fully franked. That gives Newcrest Mining a trailing dividend yield of 2.43% based on the current share price. That’s 3.47% grossed-up with full franking.
Newcrest share price climbs in 2022
The Newcrest share price is up 10.37% in 2022 so far.
The ASX 200 gold miner has a market capitalisation of $24 billion.
The post The Newcrest (ASX:NCM) dividend is hitting bank accounts today. Here’s the lowdown appeared first on The Motley Fool Australia.
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More reading
- 5 things to watch on the ASX 200 on Monday
- 5 things to watch on the ASX 200 on Friday
- Could these ASX 200 gold shares be set for more gains in 2022?
- Newcrest (ASX:NCM) shares in focus: The miner’s plan to create ‘over $100 million of additional free cash flow’
- 5 things to watch on the ASX 200 on Monday
Motley Fool contributor Sebastian Bowen owns Newcrest Mining Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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