Goldcorp Inc. (TSE:G) Plans $0.02 Quarterly Dividend

Goldcorp Inc. (TSE:G) (NYSE:GG) announced a quarterly dividend on Tuesday, March 6th, RTT News reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.02 per share on Friday, March 23rd. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Wednesday, March 14th.

TSE G opened at C$17.71 on Thursday. Goldcorp has a 52 week low of C$15.00 and a 52 week high of C$20.74.

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Goldcorp (TSE:G) (NYSE:GG) last issued its earnings results on Wednesday, February 14th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.01). The company had revenue of C$1.08 billion for the quarter, compared to analysts’ expectations of C$1.10 billion. Goldcorp had a net margin of 28.37% and a return on equity of 6.90%.

A number of equities analysts have commented on G shares. National Bank Financial reduced their target price on shares of Goldcorp from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Canaccord Genuity boosted their target price on shares of Goldcorp from C$21.00 to C$21.50 in a report on Friday, January 19th. CSFB upgraded shares of Goldcorp from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$15.50 to C$19.00 in a report on Tuesday, January 16th. Desjardins restated a “hold” rating on shares of Goldcorp in a report on Monday, December 11th. Finally, BMO Capital Markets set a C$16.00 price objective on shares of Goldcorp and gave the company a “market perform” rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$21.14.

In other news, Director Kenneth Frank Williamson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$16.13, for a total transaction of C$80,650.00. Also, Director David Garofalo sold 37,607 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of C$16.78, for a total value of C$631,045.46. In the last 90 days, insiders sold 54,997 shares of company stock worth $915,988.

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Goldcorp Company Profile

Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.

Dividend History for Goldcorp (TSE:G)

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