The Dividend Yield on Barrick Mining Just Crossed 2%. Here's Why It's Sustainable.
Barrick saw attributable adjusted EBITDA and earnings rise in the second quarter.
Overview
Shares of Barrick Mining (NYSE: B) are down more than 2% so far this year and didn't get much of a lift despite strong second-quarter earnings, which the company announced before the markets opened on Aug. 10.
The upside is that the Canadian mining company's dividend is roughly 2.16%, slightly more than twice the S&P 500's average dividend yield. Its stock has also become a bargain, with it trading at around 11.5 times forward earnings, well below its 10-year average.
Details
Here are three reasons why Barrick is worth buying for its earnings and dividend growth.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.