Barrick Gold Boosts Dividend 14% as Gold Price Surges
At a time when several companies are cutting or suspending dividends, Barrick Gold (NYSE: GOLD) just gave investors in the precious metal stock another reason to smile: The gold mining giant has increased its dividend by 14% as cash flows surged in its second quarter, buoyed by a rallying gold price.
Gold has shot up in recent weeks amid the COVID-19 pandemic and global uncertainty, even topping the $2,000 mark. With every dollar-price increase in gold, gold miners like Barrick can earn wider margins.
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Source Fool.com
