In declaring its monthly dividend, Goldcorp has announced that it will pay $0.05 per share on Feb. 22 to stockholders of record as of Feb. 14. The payout is the company's second of the year and matches the amount of January's disbursement.
In 2012, each of the company's monthly dividend payments amounted to $0.045 per share. Before that, it paid $0.034.
The current distribution annualizes to $0.60 per share. That represents a yield of 1.7% on Goldcorp's current stock price of $35.91.
The company pointed out that it has paid a monthly dividend since 2003.
The article Goldcorp Declares Monthly Dividend originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in Goldcorp. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.