Tags: Newmont | Mining | Dividend | Gold

Newmont Mining Cuts Dividend 18%, Cites Gold Price Fall

Wednesday, 24 Apr 2013 06:28 PM

Newmont Mining Corp. said Wednesday that it plans to cut its dividend by nearly 18 percent.

The Denver-based mining company declared a dividend of 35 cents per share, which is payable June 27 to shareholders of record as of June 12. That is compared with its most recent dividend payment of 42.5 cents per share, paid in March.

Newmont said the dividend price for the second quarter was based on gold prices during the first quarter. A number of mining companies are struggling with recent declines in the price of gold.

The company's shares jumped nearly 6 percent to close regular trading at $34.33 Wednesday and fell 55 cents in after-hours trading on the news.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Companies
Newmont Mining Corp. said Wednesday that it plans to cut its dividend by nearly 18 percent.
Newmont,Mining,Dividend,Gold
115
2013-28-24
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved