Newmont Corporation (NEM) will raise its quarterly dividend by 37.5 percent to 55 cents per share in 2021. This follows a double dividend hike for a total increase of 185.7 percent announced in 2020 by the mining company.

The next dividend is payable on March 18, 2021 to holders of record at the close of business on March 4, 2021. A new annualized dividend rate of $2.20 per share yields 3.4% at a stock price of $64.

Newmont Corporation, formerly Newmont Goldcorp Corporation and Newmont Mining Corporation, is primarily a gold producer with operations in the United States, Canada, Mexico, Dominion Republic, Peru, Suriname, Argentina, Chile, Australia and Ghana. Newmont is also engaged in the production of copper, silver, lead and zinc. The company's corporate headquarters are in Greenwood Village, Colorada, USA. On April 18, 2019 the company completed the acquisition of Goldcorp, Inc. Newmont's original predecessor corporation was incorporated in 1921 and has been publicly traded since 1925.