It turns out, all that glitters is gold. Thanks to a variety of factors, gold prices have surged over the last year. And in that surge, those firms that mine the precious metal are starting to shine. But not all gold miners are the same. Our latest Best Materials Dividend Stocks List pick is proof that some gold miners are better than others. And some, like our pick, even pay handsome dividends, which investors can take advantage of before the stock goes ex-dividend on Wednesday, May 31!
You can check out the Best Materials Dividend Stocks List to explore all the stocks.
The secret to our new pick’s success has long been its focus on low-cost mines in politically friendly countries. With mines in Canada, Mexico and the United States, our pick has been immune to many of the costs, taxes and repatriation risks associated with miners. This has kept costs low and our pick’s profits high.
Additionally, our pick has been smart with its hedging. This allows our pick to take advantage of higher gold prices when they occur. For investors, this translates into growing dividends. Our pick was one of the first miners to adopt a base+ dividend strategy, allowing for additional boosts when gold is high. Today, that’s translating into a nearly 3% yield.
With plenty of expansion plans and a good balance sheet, our pick represents one of the best in the industry.
To make room for our new gold miner pick, we’ve been forced to remove a lithium miner from the list.
