Everything you need to know about the latest Newcrest dividend

The ASX 200 gold and copper producer has halved its final dividend year-on-year.

| More on:
A woman looks questioning as she puts a coin into a piggy bank.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • The Newcrest share price is gaining on Friday, lifting 3.3% to trade at $19.29
  • That's despite the company slashing its final dividend by 50% year-on-year, posting a 20 US cent payout for the second half
  • That brings the company's full-year payout to 27.5 US cents 

The Newcrest Mining Ltd (ASX: NCM) share price is surging on Friday, gaining around 3% despite potentially disappointing dividend news.

As The Motley Fool Australia reported earlier, the company revealed it slashed its final dividend to just 20 US cents this morning – a 50% year-on-year drop.

The Newcrest share price is trading at $19.29% right now, representing a 3.3% gain.

Let's take a squiz at the S&P/ASX 200 Index (ASX: XJO) company's financial year 2022 earnings and dive into the need-to-know details of its latest dividend.

Newcrest share price up despite 50% cut to dividend

Newcrest shares are taking off today following the release of the company's latest full-year earnings and the revelation of its final dividend.

It posted $972 million of profit for financial year 2022 – a 25% drop on that of financial year 2021. It also disclosed a 16% drop in earnings before interest, tax, depreciation, and amortisation (EBITDA), which came in at around $2 billion, and $4.2 billion of revenue, an 8% drop.

The company's gold production was also down 7% year-on-year at around 1.9 billion ounces, while its copper production fell 15% to 120,650 tonnes.

On the back of those earnings, the company posted a fully franked 20 US cent final dividend for the six months ended 30 June.

That's half of what the company offered investors at the end of financial year 2021. Though, it represents a 14% increase on that of financial year 2020, which came in at 17.5 US cents.

It also sees the company's latest full-year payout come in at 27.5 US cents – down from 55 US cents in the prior corresponding period.

Newcrest's stock will trade ex-dividend on 29 August and its final payout will begin to hit investors' accounts on 29 September.

The actual amount investors will receive in Aussie currency will be revealed on 30 August. Right now, 20 US cents is worth 29 cents Australian.

Should you invest $1,000 in CSL right now?

Before you buy CSL shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and CSL wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Joyful woman at a beach on the Gold Coast with her arms spread out.
How to invest

How to bank $10,000 a year in passive income from these 3 top ASX shares

Here’s how I’d go about building a $10,000 passive income stream from these top ASX stocks.

Read more »

A woman relaxes on a yellow couch with a book and cuppa, and looks pensively away as she contemplates the joy of earning passive income.
ETFs

3 ASX ETFs to buy for passive income in May

Don't like stock picking but want passive income? Here are three funds that could help you.

Read more »

A businesswoman on the phone is shocked as she looks at her watch, she's running out of time.
Bank Shares

Want to bag the next Westpac shares dividend? Better be quick…

Westpac will pay an interim dividend of 76 cents per share next month.

Read more »

supermarket asx shares represented by shopping trolley in supermarket aisle
Dividend Investing

Should I buy Coles shares for their reliable passive income?

We take a look at Coles’ passive income credentials and the potential for share price gains.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Dividend Investing

Buy Woolworths and these ASX dividend shares

Analysts are tipping the supermarket giant and these shares as buys. But why?

Read more »

Man holding fifty Australian Dollar banknote in his hands, symbolising dividends, symbolising dividends.
Dividend Investing

This ASX 200 stock is planning to pay a 25% dividend yield this month

This stock is rewarding its shareholders handsomely. Here's what is happening.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Buy these ASX dividend stocks to supercharge your passive income

Analysts believe that these buy-rated stocks will provide income investors with some great yields in the near term.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

3 ASX shares yielding over 7% for your portfolio

Analysts are expecting big yields from these buy-rated shares in the near term.

Read more »