The Globe and Mail reports in its Tuesday edition that precious metal stocks like Barrick Gold, Silver Wheaton and
Agnico Eagle Mines pop up when you cross-reference
the one- and five-year dividend
growth rates for blue-chip
stocks. The Globe's Rob Carrick writes that this exercise is worthwhile if you are looking for investment candidates beyond the usual names of dividend
growth stocks. Mr. Carrick says this is one way
to build a list of candidates for
further research if you are looking for companies
with much higher growth rates
in the past year than over the
previous five years. Barrick
Gold led the S&P/TSX 60 index in dividend
increases in the past year
with a hike of 50 per cent. Other
miners with big dividend increases
over the past year included
Silver Wheaton and
Agnico Eagle Mines, up 40 per
cent and 25 per cent, respectively.
Weak gold prices forced each
of this trio to cut dividends during
the past five years.
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