Gold.com (GOLD) DIvidends Date & History

Key Takeaways

• Barrick Mining Corporation offers a competitive dividend yield of approximately 1.9%, above peers like NEM (0.9%) and AEM (0.8%).
• Recent quarterly dividend of $0.42 per share, reflecting a 140% increase from prior quarter under new policy targeting 50% of free cash flow.
• Low payout ratio of around 17%, indicating strong earnings coverage for sustainability.
• Dividend growth of 8.67% over five years, with recent policy shift enhancing shareholder returns.
• Well-covered by free cash flow, supported by robust gold production and high metal prices.
• Attractive for income investors seeking exposure to gold mining amid rising prices.

Dividend Overview

Barrick Mining Corporation, a leading gold and copper producer, maintains a performance-oriented dividend policy targeting 50% of attributable free cash flow annually. This includes a base quarterly dividend of $0.175 per share plus a year-end performance top-up. The most recent payout was $0.42 per share (ex-date February 27, 2026; payment March 16, 2026), up 140% from the previous quarter. Current yield stands at about 1.9%, positioning it as a modest-to-high yielder in the gold mining sector. Payments are quarterly, reflecting commitment to returning capital amid volatile commodity cycles. While not a classic dividend growth aristocrat, the new framework signals potential for rising payouts tied to cash generation.

Dividend History and Growth

Barrick has paid dividends consistently since 1987, with quarterly distributions since the early 2000s. The company experienced cuts during low gold price periods, notably in 2015, but has rebuilt payouts amid recovery. Recent growth includes a 25% base increase to $0.125 (later $0.175) and performance add-ons, driving 311% annualized growth in the past year per some metrics. Five-year compound annual growth rate is 8.67%, with 10-year at 10.7%. The February 2026 policy shift emphasizes free cash flow linkage, supporting long-term increases as production from tier-one assets like Nevada Gold Mines expands.

Dividend Sustainability and Payout Ratio

Barrick's dividend sustainability is robust, with a trailing payout ratio of 17%, well below 60% threshold for safety. Earnings per share comfortably cover distributions, leaving ample reinvestment room. Free cash flow payout targets 50%, backed by $1.62 billion generated in Q4 2025 alone. Balance sheet strength (net cash position post-buybacks) and low debt levels enhance resilience. Amid high gold prices, all-in sustaining costs (AISC, total production costs including sustaining capital) remain competitive, ensuring coverage even in downturns. Risks include geopolitical exposure in Mali, but diversified portfolio mitigates concerns.

Dividend Compared to Industry Peers

Barrick's ~1.9% yield exceeds major peers: NEM at 0.9%, AEM at 0.8%, and KGC at 0.4%. This reflects aggressive capital returns via dividends and $1.5 billion 2025 buybacks. While peers prioritize growth or have higher AISC, Barrick's tier-one assets and copper byproducts provide yield edge. In gold mining, where averages hover 1-2%, Barrick ranks high for income appeal without excessive risk.

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Is This Stock Attractive for Dividend Investors?

Barrick Mining Corporation suits dividend investors tolerant of commodity volatility, particularly those bullish on gold amid inflation and geopolitical tensions. Income seekers benefit from the 1.9% yield and growth potential under the free cash flow policy, outperforming conservative peers. Long-term holders may appreciate diversification into copper and project pipeline (e.g., Reko Diq, Lumwana), supporting sustained payouts. However, exposure to jurisdictions like Mali/Pakistan warrants caution for risk-averse profiles. Compared to utilities or staples, yields are modest but offer inflation-hedge upside. Growth-oriented dividend investors could find appeal in recent 140% hike and buybacks, balancing yield with capital gains potential. Overall, analytical metrics favor patient, sector-savvy portfolios over pure yield chasers.

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