Agnico Eagle Mines Dividend yield

Agnico Eagle Mines is part of Mining business, which is part of Basic Materials industry. Agnico Eagle Mines is a company from Canada, and his stocks are publicly traded.

Agnico Eagle Mines stock dividend

Agnico Eagle Mines paid a total dividend of 1,072 million CAD last year, for a market value of 32,411 millions (Market Cap 30,016 millions). Agnico Eagle Mines dividend per share is 2.17 CAD, and his stock market price 65.61 CAD.

According to the chart below, where dividend yield is displayed, Agnico Eagle Mines has a dividend yield of 3.30%, which is similar to the amount offered by both the market average and companies from Canada. However, it is lower than the average of Basic Materials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Agnico Eagle Mines stocks dividend with other Mining companies or other of the high Canada dividend stocks list.

Agnico Eagle Mines Dividend Payout

About the ability of Agnico Eagle Mines to maintain his current dividend of CAD 2.17 per share, an amount that accounts for 3.30%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Agnico Eagle Mines payout on ernings is currently 122.60%, which is higher than the market average, and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures show that Agnico Eagle Mines can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Agnico Eagle Mines is CAD 5.51 per share, which is higher than the dividend per share paid by the company of CAD 2.17, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Agnico Eagle Mines, compared againt world market average, Canada companies, Basic Materials industry and Mining sector companies.

Agnico Eagle Mines Dividend History

Below you will find a table with the historical evolution of Agnico Eagle Mines's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	3.30%	2.17	122.60%	494
2022	3.08%	2.17	145.64%	456
2021	2.63%	1.77	62.99%	244
2020	1.99%	1.78	68.46%	241
2019	1.13%	0.90	-50.56%	238
2018	1.09%	0.60	44.44%	233
2017	0.95%	0.55	60.44%	231
2016	0.97%	0.54	0.00%	224
2015	1.20%	0.43	102.38%	217

*In millions

Then you can see the evolution of Agnico Eagle Mines dividend stock, and compare it with the average of Canada stocks and that of the Mining stocks.

Agnico Eagle Mines Stock performance

Finally, last moth Agnico Eagle Mines showed a return of -5.10% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 21.10% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Mining firms.