When the price of gold increases, Newmont Mining Corp.’s (NEM) shareholders prosper. NEM engages in the acquisition, exploration, and production of gold and copper properties.
July 15th the company increased its quarterly dividend 17% to $0.35 per share of common stock. The dividend is payable on September 28, 2012, to holders of record at the close of business on September 6, 2012. The yield based on the new payout is 3.0%.