5 Best Gold Stocks With Dividends

3. Barrick Gold Corp (NYSE:GOLD)

Number of Hedge Fund Investors: 36

Canadian-based gold and copper mining company Barrick Gold Corp’s (NYSE:GOLD) adjusted EPS in the third quarter came in at $0.24, beating estimates by $0.04. Revenue jumped about 13% year over year to $2.86 billion.

President and CEO of Barrick Gold Corp (NYSE:GOLD), Mark Bristow, during Q3 earnings call, talked about Barrick Gold Corp’s (NYSE:GOLD) dividend policy, among other things:

“…  it stands that we pay a base dividend of $0.10 a quarter anytime because our long-term business strategy delivers that base dividend no matter what the gold price is or what the most foreseeable gold price or minimum gold price is. And then once we get a net positive cash position, we add to that $0.10.

Now the way we can manage that is and we won that because we are in the growth phase. And I have proven before, and I am determined to prove it again. If you keep investing into profitable assets, ultimately, you make more money than you need to reinvest in your future. And that is what happened in Randgold after 10-years, and we had … of growing dividends no matter what the gold price was. And so, the way we can manage that, buyback relative to dividend is when we see the trajectory going above net cash, we have a choice. Buyback the stock or let it go past that point. And then at the end of the quarter, if we have got net cash, we it triggers our dividend policy. So that, as management, we can manage that and we never put the balance sheet at risk.”

Read the entire earnings call transcript here.