Newmont Mining Goes Ex-Dividend Soon

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Dividend Channel, on 12/6/11, Newmont Mining Corp. (NYSE: NEM) will trade ex-dividend, for its quarterly dividend of $0.35, payable on 12/30/11. As a percentage of NEM's recent stock price of $67.91, this dividend works out to approximately 0.52%.

Below is a dividend history chart for NEM, showing historical dividends prior to the most recent $0.35 declared by Newmont Mining Corp. :

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NEM is likely to continue, and whether the current estimated yield of 2.06% on annualized basis is a reasonable expectation of annual yield going forward.

Click here to find out which 9 other stocks going ex-dividend you should know about, at DividendChannel.com »

According to the ETF Finder at ETF Channel, NEM makes up 8.89% of the Gold Miners ETF (AMEX: GDX) which is trading lower by about 0.7% on the day Friday.

See what other ETFs contain NEM » See what other stocks are held by GDX »

NEM operates in the Precious Metals sector, among companies like AuRico Gold Inc (NYSE: AUQ) which is up about 1.4% today, and Hecla Mining Co. (NYSE: HL) trading lower by about 0.2%. Below is a three month price history chart comparing the stock performance of NEM, versus AUQ and HL.

In Friday trading, Newmont Mining Corp. shares are currently down about 1.3% on the day.

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Authors: mining - Yahoo! News Search Results