AuRico Gold (NYSE:AUQ) is again turning its signature precious metal into cold hard cash in the form of shareholder payouts. The company has declared a dividend of $0.04 per share for its third quarter. It will be paid on October 29 to shareholders of record as of October 11. That amount matches both of its two preceding distributions, the most recent of which was paid at the end of July.
The company is a relative newcomer to dividend payments, having launched its distributions with the first of those $0.04 payouts, which was dispensed this past April.
The just-declared dividend annualizes to $0.16 per share. That yields 4.2% at AuRico Gold's most recent closing stock price of $3.83.
Fool contributor Eric Volkman has no position in AuRico Gold, 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.