Gold Resource Sets June Dividend Payment

Gold and silver miner Gold Resource (NYSEMKT: GORO  ) announced yesterday its June monthly distribution of $0.03 per share, the same rate it's paid for the past two months after it cut the payout in half from $0.06 per share due to precious metal price volatility. 

The board of directors said the dividend is payable on July 23 to the holders of record at the close of business on July 11. The miner has returned over $85 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers investors the option of converting their dividends into gold and silver and taking physical possession of it.

The latest payment would equate to a $0.36-per-share annual dividend, yielding 4.4% based on the closing price of Gold Resource's stock on June 27.

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