Goldcorp (NYSE:GG) is continuing to work financial alchemy by transforming its signature precious metal into cash.
The company today declared its latest monthly dividend, which is to be $0.05 per share paid on Sept. 27 to shareholders of record as of Sept. 19. That amount is in line with each of the firm's monthly payouts so far this year. Throughout 2012, as well as in December 2011, Goldcorp dispensed half a cent less, at $0.045.
The company has been a habitual and steady dividend payer over the years. It began handing out a monthly distribution in 2003.
The just-declared dividend annualizes to $0.60 per share. That yields 2.1% at Goldcorp's current stock price of $29.01.
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 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.