Yamana Gold hikes its dividend

Article Excerpt

YAMANA GOLD, $5.37, is a buy. The company (Toronto symbol YRI; TSINetwork Rating: Speculative) (www. yamana.com; Shares o/s: 966.4 million; Market cap: $5.3 billion; Dividend yield: 2.1%) is now raising its quarterly dividend by 15.4% with the October 2021 payment, to $0.03 from $0.026. The shares yield a solid 2.8%. This is the company’s sixth dividend hike since the second quarter of 2019. All together, that represents a cumulative 500% rise. Like most gold stocks, Yamana is heavily influenced by gold prices. Still, its positive cash flow and steady production—and rising dividends— give it speculative appeal for investors. . Yamana Gold is a buy. buy…

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