5 Penny Stocks that Pay Dividends

4. Kinross Gold Corporation (NYSE:KGC)

Dividend Yield as of May 16: 2.79%

Price as of May 16: $4.30

Number of Hedge Fund Holders: 31

Kinross Gold Corporation (NYSE:KGC) is a Canadian gold and silver mining company that owns mining properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. Kinross Gold Corporation (NYSE:KGC)’s dividend yield on May 16 came in at 2.79%. 

On May 10, Kinross Gold Corporation (NYSE:KGC) declared a quarterly dividend of $0.03 per share, in line with previous. The dividend is distributable on June 16, to shareholders of the company as of June 2. 

Kinross Gold Corporation (NYSE:KGC) reported earnings for the first quarter of 2022 on May 10, posting non-GAAP earnings per share of $0.06 and a revenue of $768 million. Kinross Gold Corporation (NYSE:KGC)’s cash and cash equivalents stood at $454.2 million, with total liquidity of approximately $1.7 billion as of March 31, 2022.

According to Insider Monkey’s Q4 data, 31 hedge funds placed long calls on Kinross Gold Corporation (NYSE:KGC), with collective stakes valued at $365.6 million, compared to 27 funds in the earlier quarter, holding stakes in the company worth $321 million. In Q1 2022, Eric Sprott’s Sprott Asset Management was a significant shareholder of Kinross Gold Corporation (NYSE:KGC), with 8.3 million shares amounting to $49.3 million.