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
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