Gold Resource (NYSEMKT:GORO) is continuing to dispense shareholder payouts in hard currency. The company has declared its latest monthly common stock dividend, which is to be $0.03 for August. This will be paid on September 23 to shareholders of record as of September 11. That amount matches each of the firm's previous four dividends, the most recent of which was handed out at the end of last week. Prior to that, Gold Resource paid $0.06 per share.
Although it pays its distributions in cash, Gold Resource offers its investors the option of converting them into gold or silver.
The just-declared dividend annualizes to $0.36 per share. That yields 4.2% at Gold Resource's current stock price of $8.66.
Fool contributor Eric Volkman has no position in Gold Resource, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.