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.

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.
Dividend Investing

10 high-conviction ASX dividend shares to buy for passive income today

With interest rates falling, it might be a good time to buy dividend stocks.

Read more »

A couple makes silly chip moustache faces and take a selfie on their phone.
Dividend Investing

Worried about falling interest rates? Here are 2 ASX 200 income shares to replace a term deposit today

Dividend shares are looking better and better in 2025.

Read more »

Man smiling at a laptop because of a rising share price.
Dividend Investing

Guess which high-yielding ASX All Ords dividend stock Macquarie expects to surge 34% in a year

Looking for market-beating passive income and share price gains? Check out this ASX All Ords stock!

Read more »

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

Buy BHP, Telstra, and this ASX dividend share

Brokers are tipping these shares as buys for income investors. But why?

Read more »

The letters ETF sit in orange on top of a chart with a magnifying glass held over the top of it
Dividend Investing

Boosting passive income: With a 7.6% yield, is the YMAX ETF a good option?

Is this ETF's yield too good to be true?

Read more »

A man in a business shirt and tie takes a wide leap over a large steel trap with jagged teeth.
Bank Shares

5.75% yield: Are ANZ shares a dividend trap?

ANZ's dividend currently beats out its own term deposits.

Read more »

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

Here are 3 buy-rated ASX dividend stocks to beat falling interest rates

Brokers are recommending these stocks to clients.

Read more »

Senior man wearing glasses and a leather jacket works on his laptop in a cafe.
Dividend Investing

Overinvested in BHP shares? Here are two alternative ASX dividend stocks

There are other businesses worth owning for passive income.

Read more »