Gold Resource Co. (NYSEAMERICAN:GORO) declared a monthly dividend on Friday, October 26th, Wall Street Journal reports. Stockholders of record on Monday, November 12th will be paid a dividend of 0.0017 per share by the basic materials company on Friday, November 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, November 8th.
Gold Resource has decreased its dividend payment by an average of 45.0% per year over the last three years.
Shares of NYSEAMERICAN GORO opened at $4.13 on Wednesday. Gold Resource has a 12-month low of $3.66 and a 12-month high of $7.33.
Separately, TheStreet downgraded Gold Resource from a “b-” rating to a “c+” rating in a research report on Thursday, August 16th.
In related news, COO Richard M. Irvine sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $5.00, for a total transaction of $100,000.00. Following the sale, the chief operating officer now owns 51,244 shares of the company’s stock, valued at $256,220. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
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Gold Resource Company Profile
Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the El Aguila project comprising 19 mining concessions aggregating approximately 30,215 hectares located in the State of Oaxaca.
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