- Dynacor Group (TSX:DNG), a gold stock based in Peru, is announcing a monthly dividend of C$0.01167 per share for August 2024
- Investors have been rewarded with 300 per cent dividend growth from C$0.04 per year in 2018 to C$0.12 in 2023, representing one among many green flags the company waves in favour of an investment
- Dynacor is a dividend-paying industrial gold ore processor primarily focused on the artisanal and small-scale mining industry in Peru
- Dynacor Group stock has added 66.88 per cent year-over-year, 177.84 per cent since 2019, and more than 700 per cent since 2007
Dynacor Group (TSX:DNG), a gold stock based in Peru, is announcing a monthly dividend of C$0.01167 per share for August 2024.
The dividend is payable Aug. 16 to shareholders of record as of the close of business on Aug. 9, and clocks in as the 53rd dividend and 43rd monthly dividend Dynacor Group has paid to shareholders.
Investors have been rewarded with 300 per cent dividend growth from C$0.04 per year in 2018 to C$0.12 in 2023, representing one among many green flags the company waves in favour of an investment.
Why to invest in Dynacor Group stock today
First and foremost, Dynacor management prioritizes shareholder value creation through profits, which the gold producer has generated consistently over the past 13 years in a row. This includes a 225 per cent growth in earnings per share from US$0.12 in 2018 to US$0.39 in 2023, in addition to US$0.13 per share in Q1 2024, supported by:
- A 139 per cent increase in revenue from US$104.7 million in 2018 to US$250.2 million in 2023.
- Annual gold equivalent production growth from 51,369 ounces in 2020 to 130,001 ounces in 2023.
- No debt on its balance sheet as of Q1 2024, freeing up cash for exploration and acquisitions.
The market has rewarded Dynacor Group’s stellar performance and shareholder conviction with a 66.88 per cent return year-over-year, 177.84 per cent return since 2019, and more than 700 per cent return since 2007, though the company has its sights set higher.
Management plans to open multiple international ore processing facilities over the next four years (slide 7), building upon its 28-year value-accretive track record in Peru, as well as consistent dividend increases since inception. The latter suggests you’ll be paid handsomely to wait as Dynacor’s efficient operations expand their reach.
About Dynacor Group
Dynacor is a dividend-paying industrial gold ore processor primarily focused on the artisanal and small-scale mining industry in Peru. The company also owns the Tumipampa and Anta exploration properties in southern Peru.
Dynacor Group stock (TSX:DNG) is down by 1.72 per cent, trading at C$5.14 per share as of 10:06 am ET.
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(Top photo of a gold bar from Dynacor’s processing facility in Peru: Dynacor Group)
