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New Dividend: 6.5 cents quarterly (per share)
Dividend Percent Increase: 18%
Current Yield: 1.42%
Yamana Gold(AUY - Get Report) is another name that increased its dividend payouts in the last week. The gold miner boasts more than 23.6 million ounces of gold reserves, a number that's grown significantly over the past several years as Yamana added new projects to its balance sheet. And it pulls that metal out of the ground cheaply -- Yamana's costs are some of the lowest of the large-cap miners.
To be fair, Yamana isn't exactly a high-yielder -- it currently pays out just 1.42%. And the hangover from the Operation Twist announcement is shoving Treasuries higher at the expense of gold. But when the smoke clears, the Fed's largesse is going to "alternative currencies" such as gold look a lot more attractive. (I also featured the stock in "
QE3 Isn't Coming -- Buy These 4 Stocks instead."
Investors should like the fact that the company is using more of its cash to return to shareholders (even if the dividend checks are denominated in dollars).