By Allen Sykora
Barrick Gold Corp.’s (NYSE:ABX)(TSX:ABX) says its board of directors has authorized a quarterly dividend of 15 cents per share, a 25% increase from the previous dividend.
“Barrick's strong earnings and operating cash flows, combined with its positive outlook on the gold price, enables the company to continue to make high-return investments in its project pipeline and also increase its dividend,” the company says.
The quarterly dividend is payable on Dec. 15 to shareholders of record at the close of business on Nov. 30. Barrick is the world’s largest gold-mining company with 26 operating mines and advanced-exploration and development projects across five continents. Barrick is scheduled to issue its third-quarter earnings report on Thursday.
By Allen Sykora of Kitco News; asykora@kitco.com
