Agnico Eagle Mines (Agnico Eagle Mines) Dividend Payout Ratio

: 0.70 (As of Dec. 2023)

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Agnico Eagle Mines's dividend payout ratio for the months ended in Dec. 2023 was 0.70.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Agnico Eagle Mines Ltd is 0.73, which seems too high.

The historical rank and industry rank for Agnico Eagle Mines's Dividend Payout Ratio or its related term are showing as below:

AEM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.41 Med: 0.64 Max: 2.71
Current: 0.73

During the past 13 years, the highest Dividend Payout Ratio of Agnico Eagle Mines was 2.71. The lowest was 0.41. And the median was 0.64.

AEM's Dividend Payout Ratio is ranked worse than
73.86% of 264 companies
in the Metals & Mining industry
Industry Median: 0.42 vs AEM: 0.73

As of today (2024-04-17), the Dividend Yield % of Agnico Eagle Mines is 2.59%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Agnico Eagle Mines was 3.67%. The lowest was 0.56%. And the median was 1.18%.

Agnico Eagle Mines's Dividends per Share for the months ended in Dec. 2023 was $0.40.

During the past 12 months, Agnico Eagle Mines's average Dividends Per Share Growth Rate was -1.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 20.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 33.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 17.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Agnico Eagle Mines was 85.10% per year. The lowest was -52.90% per year. And the median was 10.25% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Agnico Eagle Mines Dividend Payout Ratio Historical Data

The historical data trend for Agnico Eagle Mines's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Agnico Eagle Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.57

0.51

0.57

0.70

0.72

Agnico Eagle Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																1.03	0.70	0.62	0.97	0.70

Competitive Comparison

For the Gold subindustry, Agnico Eagle Mines's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Agnico Eagle Mines Dividend Payout Ratio Distribution

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's Dividend Payout Ratio falls into.

Agnico Eagle Mines Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Agnico Eagle Mines's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.6	/	2.23
	=	0.72

Agnico Eagle Mines's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.4	/	0.57
	=	0.70

Agnico Eagle Mines (NYSE:AEM) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Agnico Eagle Mines Dividend Payout Ratio Related Terms

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Agnico Eagle Mines (Agnico Eagle Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (NYSE:AEM) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

AEM:Mexico AE9:Germany AE9:Germany AE9:Germany AEM:Canada AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.