Newmont Mining Trades Ex-Dividend

On 9/6/11, Newmont Mining Corp. (NYSE: NEM) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 9/29/11. As a

percentage of NEM?€™s recent stock price of $63.60, this dividend works out to approximately 0.47%.

Below is a dividend history chart for NEM, showing historical dividends prior to the most recent $0.30 declared by Newmont Mining Corp. :

?€"> Click here for NEM Dividend History Chart

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 1.89% on annualized basis is a reasonable expectation of annual yield going forward.

According to the ETF Finder at ETF Channel, NEM makes up 9.17% of the Gold Miners ETF (AMEX: GDX) which is trading up by about 2.5% 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 Harmony Gold Mining Co. Ltd. (NYSE: HMY) which is up about 1.8% today, and Silver Standard Resources, Inc. (NASD: SSRI) trading up by about 3.9%. Below is a three month price history chart comparing the stock performance of NEM, versus HMY and SSRI.

Newmont Mining Trades Ex-Dividend

In Friday trading, Newmont Mining Corp. shares are currently up about 1.8% on the day.

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Authors: mining - Yahoo! News Search Results