Goldcorp (NYSE:GG) is continuing to turn its gold into investor cash. The company has declared its latest monthly dividend, which is to be $0.05 per share paid on July 26 to shareholders of record as of July 18. That amount keeps Goldcorp's payout in line with the six preceding monthly payments of 2013. Before that, the company paid $0.045 per share every month for over a year.
In the press release announcing the news, the company pointed out that it has paid a monthly disbursement since 2003.
The just-declared dividend annualizes to $0.60 per share. That yields 2.5% at Goldcorp's current stock price of $23.76.
Fool contributor Eric Volkman has no position in Goldcorp. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.