Best Gold Dividend Stocks: For High Returns in 2024
Gold has always been a safe haven for investors, particularly in times of economic uncertainty. Its enduring value, coupled with the stability it provides during market volatility, makes it an attractive asset. But beyond simply holding gold, investors can benefit from owning gold dividend stocks—shares in companies that not only mine or process gold but also pay dividends to shareholders. These stocks offer a unique opportunity to generate regular income while benefiting from gold's long-term growth potential. Whether you're looking to hedge against inflation or diversify your portfolio, gold dividend stocks provide a balance of income and capital appreciation. We’ll explore some of the best gold dividend stocks available today.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Barrick Gold | 1.76% | 46.48% | 24.60% | 1.57% | 0.06% | 14.50% | -2.86% |
| Newmont | 2.39% | -68.87% | -34.36% | 2.30% | -0.07% | 23.36% | 2.71% |
| Agnico Eagle Mines | 1.85% | 105.61% | 71.36% | 2.16% | 0.03% | 29.46% | 6.16% |
| Kinross Gold | 1.12% | 30.39% | 26.67% | 2.08% | 0.08% | 0.00% | 0.00% |
| Franco-Nevada | 1.34% | -38.72% | -41.80% | 4.37% | -0.10% | 7.44% | 6.57% |
| Wheaton Precious Metals | 0.90% | 47.82% | 54.40% | 4.34% | 0.08% | 10.76% | 2.92% |
| Royal Gold | 1.04% | 42.37% | 42.11% | 3.41% | 0.08% | 8.45% | 4.03% |
| B2Gold | 5.76% | -128.33% | -31.57% | 1.21% | -0.04% | 0.00% | 0.00% |
| Gold Fields | 2.12% | 54.64% | 25.10% | 3.52% | 0.14% | 48.64% | 17.20% |
| AngloGoldhanti | 1.34% | -4162.50% | -3232.64% | 3.27% | -0.00% | 28.93% | 0.00% |
| Sibanye Stillwater | -% | -3.54% | -4.25% | 5.16% | -1.14% | 0.00% | 0.00% |
| Harmony Gold Mining | 1.07% | 27.33% | 16.86% | 0.20% | 0.02% | 0.00% | 0.00% |
| SSR Mining | 1.07% | -7.88% | -3.57% | 0.43% | -0.11% | 0.00% | 0.00% |
| Alamos Gold | 0.60% | 17.36% | 41.67% | 2.71% | 0.07% | 58.49% | -6.70% |
| Sandstorm Gold | 1.28% | 59.53% | 61.07% | 1.27% | 0.02% | 0.00% | 0.00% |
| Hecla Mining | 0.44% | -36.66% | -105.01% | 2.30% | -0.02% | 25.39% | 5.88% |
| Osisko Gold Royalties | 0.88% | -44.36% | -58.27% | 3.27% | -0.06% | 3.11% | 0.00% |
| Hudbay Minerals | 0.16% | 6.30% | 42.33% | 1.39% | 0.04% | -0.75% | -18.21% |