Should Income Investors Look At Barrick Gold Corporation (TSE:ABX) Before Its Ex-Dividend?

Simply Wall St.11-24 21:45

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Barrick Gold Corporation (TSE:ABX) is about to trade ex-dividend in the next four days. The ex...

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The ex...</p>\n\n<a href=\"https://finance.yahoo.com/news/income-investors-look-barrick-gold-134528185.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>Should Income Investors Look At Barrick Gold Corporation (TSE:ABX) Before Its Ex-Dividend?</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\">\nShould Income Investors Look At Barrick Gold Corporation (TSE:ABX) Before Its Ex-Dividend?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-24 21:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/income-investors-look-barrick-gold-134528185.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Barrick Gold Corporation (TSE:ABX) is about to trade ex-dividend in the next four days. The ex...</p>\n\n<a href=\"https://finance.yahoo.com/news/income-investors-look-barrick-gold-134528185.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":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://finance.yahoo.com/news/income-investors-look-barrick-gold-134528185.html","article_id":"2485845791","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/UrHBsIrR8XWjKtdqSp2vkw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/b3b5a2748dbe57dca97087f8af8726d5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485845791","pubTimestamp":1732455928,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Barrick Gold Corporation  is about to trade ex-dividend in the next four days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Accordingly, Barrick Gold investors that purchase the stock on or after the 29th of November will not receive the dividend, which will be paid on the 16th of December.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","BK4588":"碎股","ISBC":"投资者银行","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","SG9999001143.SGD":"United Gold and General A Acc SGD","LU0345780521.USD":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","BK4090":"商品化工","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","TSE":"Trinseo","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","BK4017":"黄金","LU0788108826.HKD":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","LU0724618789.USD":"BGF WORLD GOLD \"A4\" (USD) INC","BK4532":"文艺复兴科技持仓","LU0055631609.USD":"贝莱德世界黄金基金A2","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","LU1223082196.USD":"施罗德环球黄金A Acc","BK4570":"地缘局势概念股","LU0075056555.USD":"贝莱德世界矿业基金A2","BK4585":"ETF&股票定投概念","LU0345780281.USD":"NINETY ONE GSF GLOBAL GOLD \"A\"  ACC","GOLD":"巴里克黄金","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC"},"translate_title":"收益投资者应该在巴里克黄金公司（TSE：ABX）除息前关注其吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSE":1,"GOLD":1,"ISBC":1},"content_text":"Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Barrick Gold Corporation (TSE:ABX) is about to trade ex-dividend in the next four days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Accordingly, Barrick Gold investors that purchase the stock on or after the 29th of November will not receive the dividend, which will be paid on the 16th of December. \n The company's next dividend payment will be US$0.10 per share, and in the last 12 months, the company paid a total of US$0.40 per share. Based on the last year's worth of payments, Barrick Gold has a trailing yield of 2.2% on the current stock price of CA$25.49. If you buy this business for its dividend, you should have an idea of whether Barrick Gold's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing. \n See our latest analysis for Barrick Gold \n If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Fortunately Barrick Gold's payout ratio is modest, at just 43% of profit. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Over the last year it paid out 74% of its free cash flow as dividends, within the usual range for most companies. \n It's positive to see that Barrick Gold's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. \n Click here to see the company's payout ratio, plus analyst estimates of its future dividends. \n\n\n\n  TSX:ABX Historic Dividend November 24th 2024\n \n\nHave Earnings And Dividends Been Growing?\n Businesses with shrinking earnings are tricky from a dividend perspective. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're discomforted by Barrick Gold's 30% per annum decline in earnings in the past five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks. \n Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Barrick Gold has delivered 7.2% dividend growth per year on average over the past 10 years. \n The Bottom Line \n Is Barrick Gold worth buying for its dividend? Its earnings per share have been declining meaningfully, although it is paying out less than half its income and more than half its cash flow as dividends. Neither payout ratio appears an immediate concern, but we're concerned about the earnings. To summarise, Barrick Gold looks okay on this analysis, although it doesn't appear a stand-out opportunity. \n If you want to look further into Barrick Gold, it's worth knowing the risks this business faces. Our analysis shows 2 warning signs for Barrick Gold and you should be aware of them before buying any shares. \n If you're in the market for strong dividend payers, we recommend checking 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. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485845791"}