Barrick Raises Dividend 25% After Gold Price Advances to Record

Bloomberg reported that record gold prices in September led to higher dividends for shareholders of Barrick Gold (NYSE:ABX).

As quoted in the market news:

The company will pay 15 cents a share, up from 12 cents, payable on Dec. 15 to shareholders of record at the close on Nov. 30, Toronto-based Barrick said today in a statement. Gold for immediate delivery in London traded at a record $1,921.15 an ounce on Sept. 6. The metal averaged $1,706 an ounce in the third quarter, compared with $1,228 a year earlier.

Click here to read the full Bloomberg report.