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Barrick Raises Dividend 25% After Gold Price Advances to Record
Oct. 26, 2011 02:59PM PST
Precious Metals InvestingBloomberg reported that record gold prices in September led to higher dividends for shareholders of Barrick Gold (NYSE:ABX).
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.
