Barrick Gold (ABX) will raise its quarterly dividend by 133.3 percent to $0.07 per share in the fourth quarter of 2018. This follows a 50 percent dividend hike by the gold miner in Q1 of 2017.

The increased dividend is payable on January 14, 2019, to shareholders of record at the close of business on December 28, 2018. This will result in a new annual dividend of $0.28 per share, yielding 2.0% at stock price of $13.88.

Barrick Gold Corporation is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development.