Gold Resource Co. Declares Monthly Dividend of $0.00 (GORO)

Gold Resource Co. (NYSEAMERICAN:GORO) announced a monthly dividend on Friday, October 26th, Wall Street Journal reports. Shareholders of record on Monday, November 12th will be given 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 yield of 0.36%. The ex-dividend date of this dividend is Thursday, November 8th.

Gold Resource has decreased its dividend by an average of 45.0% annually over the last three years.

GORO traded up $0.10 during trading on Friday, hitting $5.53. 303,888 shares of the company’s stock were exchanged, compared to its average volume of 379,113. Gold Resource has a 1 year low of $3.52 and a 1 year high of $7.33.

Gold Resource (NYSEAMERICAN:GORO) last released its quarterly earnings data on Tuesday, July 31st. The basic materials company reported $0.06 earnings per share (EPS) for the quarter. Gold Resource had a net margin of 14.72% and a return on equity of 15.94%. The company had revenue of $30.77 million during the quarter.

In other Gold Resource news, COO Richard M. Irvine sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $5.00, for a total transaction of $100,000.00. Following the completion of the sale, the chief operating officer now owns 51,244 shares in the company, valued at $256,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Separately, TheStreet cut shares of Gold Resource from a “b-” rating to a “c+” rating in a research report on Thursday, August 16th.

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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Dividend History for Gold Resource (NYSEAMERICAN:GORO)

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