Barrick Gold Shares Maintain Upward Momentum as Returns to Investors Climb

The mining giant Barrick Gold is demonstrating how to effectively reward shareholders, channeling its robust financial performance directly back to investors through enhanced dividends and substantial share repurchases. This strategy continues to fuel a remarkable uptrend for the company’s stock.

Investors are reaping significant benefits from Barrick’s strong financial position. The company announced a 25% increase in its base dividend, bringing it to $0.125 per share. In a move that further rewards shareholders, an additional performance dividend of $0.05 per share was declared. Beyond dividends, the company’s commitment to capital return is equally evident in its aggressive buyback activity; $589 million was allocated to repurchasing its own shares in the third quarter Read more...