IAMGold Corp (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 $3.33 represents a price-to-book ratio of 0.3 and an annual dividend yield of 7.51% — by comparison, the average metals and mining stock in Dividend Channel's coverage universe yields 2.2% and trades at a price-to-book ratio of 1.8. The report also cited the strong semi-annual dividend history at IAMGold Corp, and favorable long-term multi-year growth rates in key fundamental data points.
This Stock Has A 7.51% Yield And Sells For Less Than Book
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.