IAMGold Corp (
NYSE: IAG) has been named as a Top 5 dividend paying metals and mining stock, according to
Dividend Channel, which published its weekly
”DividendRank”
report. The report noted that among metals and mining companies, IAG
shares displayed both attractive valuation metrics and strong
profitability metrics. For example, the recent IAG share price of $4.41
represents a price-to-book ratio of 0.4 and an annual dividend yield of
5.67% — by comparison, the average metals and mining stock in Dividend
Channel’s coverage universe yields 2.9% and trades at a price-to-book
ratio of 1.6. The report also cited the strong dividend history at
IAMGold Corp, and favorable long-term multi-year growth rates in key
fundamental data points.
The report stated, ”
Dividend investors approaching investing from
a value standpoint are generally most interested in researching the
strongest most profitable companies, that also happen to be trading at
an attractive valuation. That’s what we aim to find using our
proprietary DividendRank formula, which ranks the coverage universe
based upon our various criteria for both profitability and valuation, to
generate a list of the top most ‘interesting’ stocks, meant for
investors as a source of ideas that merit further research.”
The annualized dividend paid by IAMGold Corp is $0.25/share,
currently paid in installments, and its most recent dividend ex-date was
on 07/01/2013.
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