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Newmont (TSX:NGT) 3-Year Dividend Growth Rate : 15.40% (As of Mar. 2024)


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What is Newmont 3-Year Dividend Growth Rate?

Newmont's Dividends per Share for the three months ended in Mar. 2024 was C$0.34.

The historical rank and industry rank for Newmont's 3-Year Dividend Growth Rate or its related term are showing as below:

TSX:NGT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -58.5   Med: 12.3   Max: 77.6
Current: 15.4

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Newmont was 77.60% per year. The lowest was -58.50% per year. And the median was 12.30% per year.

TSX:NGT's 3-Year Dividend Growth Rate is ranked worse than
61.33% of 181 companies
in the Metals & Mining industry
Industry Median: 23 vs TSX:NGT: 15.40

During the past 12 months, Newmont's average Dividends Per Share Growth Rate was -29.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 15.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 33.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 25.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Newmont's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.63. As of today, Newmont's Dividend Yield % is 3.33%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Newmont Corp is 0.91, which seems too high.

Warning Sign:

Newmont Corp stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Newmont's 3-Year Dividend Growth Rate

For the Gold subindustry, Newmont's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Newmont's 3-Year Dividend Growth Rate Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newmont's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Newmont's 3-Year Dividend Growth Rate falls into.



Newmont 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Newmont  (TSX:NGT) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Newmont's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.338/ 0.541
=0.62

During the past 13 years, the highest Dividend Payout Ratio of Newmont was 1.19. The lowest was 0.11. And the median was 0.40.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Newmont Corp is 0.91, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Newmont Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2502024-03-042024-03-052024-03-28Cash DividendquarterlyUSD:CAD 1.354570
USD 0.4002023-11-292023-11-302023-12-22Cash DividendquarterlyUSD:CAD 1.358700
USD 0.4002023-09-062023-09-072023-09-21Cash DividendquarterlyUSD:CAD 1.359050
USD 0.4002023-05-312023-06-012023-06-15Cash DividendquarterlyUSD:CAD 1.358800

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Newmont's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.9692625/58.38
=3.37 %

Current Share Price is C$58.38.
Newmont's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$1.9692625.

During the past 13 years, the highest Dividend Yield of Newmont was 6.07%. The lowest was 0.22%. And the median was 1.54%.

Warning Sign:

Newmont Corp stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Newmont 3-Year Dividend Growth Rate Related Terms>


Newmont (TSX:NGT) Business Description

Address
6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.

Newmont (TSX:NGT) Headlines

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