It’s been a rough few months for the Nickel Industries Ltd (ASX: NIC) share price.
Shares in Nickel Industries (formerly known as Nickel Mines) closed flat at $1.01 on Friday, underperforming the S&P/ASX 200 Index (ASX: XJO), which gained 0.77%.
The company has now lost 19% of its value over the past month alone, as well as 31% over 2022 thus far.
As my Fool colleague Monica covered earlier this month, Nickel Industries has been hit hard by the falling price of nickel itself.
Since the price of this base metal spiked back in March, nickel has fallen by almost 50%. So it’s perhaps no wonder that the Nickel Industries share price has come under pressure over the same period.
What about the dividend for Nickel Industries shares?
But falling share prices carry a silver lining when it comes to dividends. And Nickel Industries is a dividend-paying ASX share. So let’s check out what the current dividend yield for this company is today.
Nickel Industries has paid out two dividends covering FY 2022. The interim dividend hit investors’ bank accounts in September of last year. The final payment was doled out back In February this year. Both payments were worth 2 cents per share, and came unfranked.
A trailing annual dividend payment of 4 cents per share (in some neat maths) works out to give Nickel Industries a trailing dividend yield of 3.9% on the current share price of $1.01.
But that is only a trailing dividend yield. For investors to receive this yield going forward, Nickel Industries will have to at least maintain its dividend payouts for its next two dividend payments. This, of course, is not guaranteed.
No doubt investors will be keen to see what kind of cash comes their way going forward.
This ASX 200 resources share has a market capitalisation of $2.72 billion.
The post What is the current dividend yield on Nickel Industries shares? appeared first on The Motley Fool Australia.
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More reading
- The Nickel Industries share price has tumbled 36% since early March. What’s going on?
- Why did the Nickel Industries share price leap 7% on Friday?
- Why are ASX nickel shares tumbling today?
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. 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 Scott Phillips.
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