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Why Kinross Gold Jumped 9% Today

TheMotleyFool

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Shares of Canadian gold miner Kinross Gold (NYSE: KGC) are up 9% today as of 2:00 p.m. EDT after a news release yesterday and follow-up analyst upgrade today.

Kinross released a business update and announced its first dividend payment in seven years yesterday. Its last quarterly dividend payment was in March 2013. Kinross announced "robust" three-year guidance and said the $0.03 per-share quarterly dividend will continue beyond this quarter. The new dividend represents an annual yield of about 1.2% at the current share price.

Source Fool.com

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