Agnico Eagle Goes Ex-Dividend Wednesday
- By Alberto Abaterusso
Agnico Eagle Mines Ltd.'s (AEM) board of directors declared a cash dividend for the third quarter of fiscal 2017 during its earnings report on July 26.
The Canadian gold producer will pay 10 cents per ordinary share on Sept. 15 to shareholders of record as of Sept. 1. The miner goes ex-dividend today.
Agnico Eagle is one of the few gold mining stocks with a long history of dividend payments. The miner has distributed a cash dividend every year since 1983.
Warning! GuruFocus has detected 4 Warning Signs with AEM. Click here to check it out.
NYSE:ABX) and Newmont Mining Corp. (NEM) - runs its operations efficiently and mines gold at a price of $1,150 per ounce, which is one of the best in the entire industry. As of Dec. 31, 2016, the miner had 19.943 million ounces in proven and probable gold reserves.
