Are you an investor who is searching for a reliable and consistent income-generating asset to invest in? Look no further than gold dividend stocks.
Gold mining companies are known to provide consistent income to their shareholders in the form of dividends. With the current global economic uncertainty, there has been a significant increase in demand for gold, making it a lucrative investment for those seeking stable returns.
Here are the top 7 gold dividend stocks to invest in 2023, based on their country, payout frequency, payout ratio, and average yield:
- Canada
- Payout Frequency: Semi-Annually
- Payout Ratio: 9.52%
- Average Yield: 2.13%
B2Gold Corp is a Canadian-based gold mining company that operates in Africa, North America, and South America. It is known for its strong management and commitment to environmental and social responsibility.
- USA
- Payout Frequency: Quarterly
- Payout Ratio: 22.66%
- Average Yield: 2.83%
Newmont Corporation is the world’s largest gold mining company. It has operations in North America, South America, Australia, and Africa, making it a well-diversified and low-risk investment option.
- Canada
- Payout Frequency: Quarterly
- Payout Ratio: 31.88%
- Average Yield: 0.73%
Franco-Nevada Corp is a leading gold-focused royalty and streaming company with operations in North America, Latin America, and Australia. It has a diversified portfolio of high-quality assets and provides investors with a reliable and low-risk investment option.
>> Franco-Nevada Dividend History
- Canada
- Payout Frequency: Quarterly
- Payout Ratio: 50.10%
- Average Yield: 1.36%
Wheaton Precious Metals Corp is a precious metals streaming company that focuses on silver and gold. It has a unique business model, where it purchases future precious metals production from mining companies in exchange for upfront payments. This allows Wheaton to benefit from the rise in metal prices while minimizing operational costs.
>> Wheaton Precious Metals Dividend History
- Canada
- Payout Frequency: Quarterly
- Payout Ratio: 21.72%
- Average Yield: 1.03%
Agnico Eagle Mines Ltd is a Canadian-based gold mining company that operates in Canada, Mexico, and Finland. It is known for its strong management and commitment to environmental and social responsibility.
>> Agnico Eagle Mines Dividend History
- Canada
- Payout Frequency: Quarterly
- Payout Ratio: 17.13%
- Average Yield: 1.43%
Barrick Gold Corp is one of the largest gold mining companies in the world. It has operations in North America, South America, Africa, and the Middle East, making it a well-diversified and low-risk investment option.
>> Barrick Gold Dividend History
- USA
- Payout Frequency: Quarterly
- Payout Ratio: 54.10%
- Average Yield: 0.81%
Royal Gold Inc is a precious metals royalty and streaming company that focuses on gold, silver, and copper. It has operations in North America, South America, Africa, and Europe, making it a well-diversified and low-risk investment option.
>> Barrick Gold Dividend History
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