If you want to invest your money in stable socks, which produce proper incomes then you should definitely take a look at gold stocks. They are highly promising simply because gold has always been and always will be greatly valued.
It is as if investing in food, water, electricity or any other area, which will forever stay on top of peoples needs. But there are many companies that have gold stocks but don’t pay dividends.
So you should be careful when choosing the right kind of company for you. It is best if corporation has been giving dividends for years, therefore it’s not new and insecure. Here is a short list of some of the general gold stock producing companies.
Gold Fields Ltd. (GFI) – it is localized in South Africa. It has an immense market capitalization- over 10 $ billion and produces an income of 1.5 %.
AngloGold Ashanti Ltd. (AU) – it is again localized in South Africa. Its data is the same as the one Gold Fields Ltd has.
Newmont Mining Corp. (NEM) – it takes place in Colorado. It is a mining company. Its market capitalization is above 20 $ billion and produces an income of 0.8 %.It has been paying quarterly dividends for the last 20 years.
Barrick Gold Corp. (ABX) – is based in Toronto, Canada. Its market cap is over 40$ billion. The income is 0.6 %.
Compania de Minas Buenaventura SA (BVN) – located in Peru. Has been paying semi- annual dividends for over 10 years. Its income is 0.5 %.
Goldcorp Inc. (GG) – yet another mining, Vancouver, Canada based company. It has a over 25$ billion market capitalization. The yield is a bit lesser than 0.5 %.
Yamaha Gold Inc. (AUY) – is again based in Toronto, Canada. The market cap is 5$ billion. The yield is very small – 0.3 % and has a very little dividend track record.
Agnico- Eagle Mines Ltd. (AEM) – yet another Toronto located company. Has a market cup of above 8$ billion and its income is just around 0.3 %. Once each year (for the last fifteen years), dividends are being paid.
Randgold Resources Ltd. (GOLD) – is located on the Channel Island but functions in Africa. Its stocks have an income of 0.2 % and its market capitalization is 3$ billion.
Here are some other companies, which produce gold stocks that pay dividends. They are all Canadian based.
Kinross (TSX: K) – is one of the top 5 biggest gold manufacturers. It has mines in Russia, Brazil, Chile, America and many more. The dividend income is 0.5 %.
Franco- Nevada Corporation – its market cap is 3.4$ billion and the income is 0.9 %.
Royal Gold Inc. – has a market capitalization of 2.0$ billion and the income is 0.7 %.