One example is Freeport-McMoRan Copper & Gold Inc. (FCX), which increased the dividend back in April from 25 cents per quarter to 31.3 cents, giving the stock a 3.6% yield. Freeport trades at 12.5 times trailing earnings and 8.6 times forward earnings. It pays a very favorable yield of 3.0%, and pays its dividend quarterly. Earnings tanked by 48% for the latest quarter, with revenues dropping 23%.
Yamana Gold Inc. (AUY) is another gold stock that pays a decent quarterly dividend, offering a payout rate of 1.4%. The stock has a current price to earnings ratio of 34.5 and a forward PE of 13.7. The company was recently upgraded by HSBC Securities from Neutral to Overweight. Quarterly earnings for the latest quarter were down 78% on a 6.6% reduction in revenues.
A few other high yield gold stock ideas are Rio Tinto plc ADR (RIO), paying a yield of 2.8% and Newmont Mining Corporation (NEM), yielding 2.5%.
For a free list of over twenty high yield gold and silver stocks, which you can download, sort, and update, go to WallStreetNewsNetwork.com.
Disclosure: Author didn't own any of the above at the time the article was written.