Agnico-Eagle Maintains Dividend of $0.22

Has made payment to shareholders for 31 consecutive years.

By Rich Duprey – May 1, 2013 at 11:56AM EST

Proving it still has a heart of gold, Agnico-Eagle Mines (AEM +2.93%) declared Tuesday that it will pay a regular quarterly dividend of $0.22 per share on June 17 to the holders of record at the close of business on June 3. (Previously the gold miner had indicated the dividend would be paid on June 15).

Canada-based Agnico-Eagle, with exploration and development activities in Canada, Finland, Mexico, and the U.S., has paid cash dividends on its stock for 31 consecutive years. The last payment of $0.22 made in March was an increase from its prior $0.20-per-share payout.

The most recent dividend payment equates to a $0.86-per-share annual dividend yielding 2.8% based on the closing price of Agnico-Eagle Mines' stock on April 30.

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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Agnico-Eagle Maintains Dividend of $0.22

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