Agnico Eagle Mines (NYSE:AEM) Has Affirmed Its Dividend Of $0.40

Simply Wall St.09-11

Agnico Eagle Mines Limited (NYSE:AEM) will pay a dividend of $0.40 on the 16th of December. The dividend yield is 2.0% based on this payment, which is a little bit low compared to the other companies ...

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The dividend yield is 2.0% based on this payment, which is a little bit low compared to the other companies ...</p>\n\n<a href=\"https://finance.yahoo.com/news/agnico-eagle-mines-nyse-aem-102117180.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Agnico Eagle Mines (NYSE:AEM) Has Affirmed Its Dividend Of $0.40</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAgnico Eagle Mines (NYSE:AEM) Has Affirmed Its Dividend Of $0.40\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-11 18:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/agnico-eagle-mines-nyse-aem-102117180.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Agnico Eagle Mines Limited (NYSE:AEM) will pay a dividend of $0.40 on the 16th of December. The dividend yield is 2.0% based on this payment, which is a little bit low compared to the other companies ...</p>\n\n<a href=\"https://finance.yahoo.com/news/agnico-eagle-mines-nyse-aem-102117180.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4159","symbol_name":"经销商","start_time":0,"source_url":"https://finance.yahoo.com/news/agnico-eagle-mines-nyse-aem-102117180.html","article_id":"2466028384","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/1W2Igu0.nhgjE8NeoLBgXg--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/590bd73c4f469217441156accbe686a8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466028384","pubTimestamp":1726050077,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Agnico Eagle Mines Limited  will pay a dividend of $0.40 on the 16th of December. The dividend yield is 2.0% based on this payment, which is a little bit low compared to the other companies in the industry.Agnico Eagle Mines' Payment Could Potentially Have Solid Earnings Coverage. If it is predictable over a long period, even low dividend yields can be attractive. Based on the last payment, Agnico Eagle Mines' profits didn't cover the dividend, but the company was generating enough cash instead. Generally, we think cash is more important than accounting measures of profit, so with the cash flows easily covering the dividend, we don't think there is much reason to worry.Looking forward, earnings per share is forecast to rise exponentially over the next year. 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The dividend yield is 2.0% based on this payment, which is a little bit low compared to the other companies in the industry. \n See our latest analysis for Agnico Eagle Mines \nAgnico Eagle Mines' Payment Could Potentially Have Solid Earnings Coverage\n If it is predictable over a long period, even low dividend yields can be attractive. Based on the last payment, Agnico Eagle Mines' profits didn't cover the dividend, but the company was generating enough cash instead. Generally, we think cash is more important than accounting measures of profit, so with the cash flows easily covering the dividend, we don't think there is much reason to worry. \n Looking forward, earnings per share is forecast to rise exponentially over the next year. If recent patterns in the dividend continue, we could see the payout ratio reaching 49% which is fairly sustainable. \n\n\n\n  NYSE:AEM Historic Dividend September 11th 2024\n \n\nDividend Volatility\n While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. The dividend has gone from an annual total of $0.88 in 2014 to the most recent total annual payment of $1.60. This works out to be a compound annual growth rate (CAGR) of approximately 6.2% a year over that time. We like to see dividends have grown at a reasonable rate, but with at least one substantial cut in the payments, we're not certain this dividend stock would be ideal for someone intending to live on the income. \nAgnico Eagle Mines Might Find It Hard To Grow Its Dividend\n With a relatively unstable dividend, it's even more important to see if earnings per share is growing. Agnico Eagle Mines has impressed us by growing EPS at 22% per year over the past five years. Strong earnings is nice to see, but unless this can be sustained on minimal reinvestment of profits, we would question whether dividends will follow suit. \nIn Summary\n Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. The payments haven't been particularly stable and we don't see huge growth potential, but with the dividend well covered by cash flows it could prove to be reliable over the short term. We don't think Agnico Eagle Mines is a great stock to add to your portfolio if income is your focus. \n It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For instance, we've picked out 4 warning signs for Agnico Eagle Mines that investors should take into consideration. Is Agnico Eagle Mines not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.  \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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