Which gold ETF pays a dividend?
Sprott Gold Miners ETF has a dividend yield of 1.22%, though it only holds 33 different companies. The
Sibanye Stillwater Ltd (NYSE:SBSW)
Sibanye Stillwater Ltd (NYSE:SBSW) is a high-dividend yield stock in our list of the best gold stocks with dividends. A total of 16 hedge funds in Insider Monkey's database of 910 hedge funds had stakes in Sibanye Stillwater Ltd (NYSE:SBSW).
Ticker | ETF Name | 1-year return |
---|---|---|
BGLD | FT Vest Gold Strategy Quarterly Buffer ETF | 8.33% |
IAUM | iShares Gold Trust Micro ETF of Benef Interest | 5.94% |
AAAU | Goldman Sachs Physical Gold ETF | 5.77% |
OUNZ | VanEck Merk Gold Trust | 5.69% |
Symbol | Name | Dividend Yield |
---|---|---|
CYA | Simplify Tail Risk Strategy ETF | 94.84% |
TSLY | YieldMax TSLA Option Income Strategy ETF | 88.79% |
NGE | Global X MSCI Nigeria ETF | 85.38% |
TSL | GraniteShares 1.25x Long Tesla Daily ETF | 84.91% |
The current TTM dividend payout for SPDR Gold Shares (GLD) as of February 06, 2024 is $0.00. The current dividend yield for SPDR Gold Shares as of February 06, 2024 is 0.00%. Street Tracks Gold Shares offer investors a new, innovative, relatively cost efficient and secure way to access the gold market.
Barrick Gold has a dividend yield of 2.54% and paid $0.37 per share in the past year. The dividend is paid every three months and the next ex-dividend date is Feb 28, 2024.
If you value owning a tangible asset and are comfortable with the responsibilities of secure storage, physical gold might be appealing. On the other hand, if you're looking for easier liquidity, diversification and professional management, gold stocks could be a better fit.
Disadvantages of investing in gold ETFs
Physical gold provides a higher level of security than Gold ETFs, as it eliminates counterparty risk. Gold ETFs may not perform as well as physical gold during times of economic uncertainty or geopolitical instability.
Our pick for the best overall gold ETF goes to SPDR Gold MiniShares Trust (GLDM).
The primary advantages of buying gold ETFs are that investors don't need a lot of money and don't have to store the metal, which reduces the cost of the investment.
What ETF has 12% yield?
In fact, an ETF called the Global X NASDAQ 100 Covered Call ETF (NASDAQ:QYLD), launched in 2013, currently boasts an eye-catching yield of 12%. While the ETF holds appeal for income investors, there are also several things that investors should be aware of before jumping in right after seeing that eye-popping yield.
Global X Nasdaq-100 Covered Call ETF (QYLD)
Like QQQ, QYLD buys all the stocks in the Nasdaq-100, but the portfolio managers at Global X have developed an innovative strategy to provide shareholders with exceptional dividend income that's paid out monthly.
- Global X SuperDividend ETF (SDIV) ...
- Global X SuperDividend U.S. ETF (DIV) ...
- Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) ...
- WisdomTree U.S. ...
- Invesco Preferred ETF (PGX) ...
- Invesco KBW High Dividend Yield Financial ETF (KBWD) ...
- iShares Preferred and Income Securities ETF (PFF)
Symbol Symbol | ETF Name ETF Name | Asset Class Asset Class |
---|---|---|
GLDM | SPDR Gold MiniShares Trust | Commodity |
SGOL | abrdn Physical Gold Shares ETF | Commodity |
BAR | GraniteShares Gold Trust | Commodity |
OUNZ | VanEck Merk Gold Trust | Commodity |
Although Vanguard does not offer a pure gold fund, it does offer a fund that invests around one-quarter of its portfolio in precious metals and mining companies, providing indirect exposure to this market: The Vanguard Global Capital Cycles Fund (VGPMX).
When does Barrick Gold pay dividends? Barrick Gold pays a dividend 4 times a year. Payment months are March, June, September, December. The dividend calendar shows you for more than 2,800 dividend stocks in which month which company distributes its dividends.
Dividend Yield vs Market
Notable Dividend: GOLD's dividend (2.71%) is higher than the bottom 25% of dividend payers in the US market (1.52%). High Dividend: GOLD's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (4.77%).
The highest analyst price target is $24.00 ,the lowest forecast is $17.80. The average price target represents 36.66% Increase from the current price of $14.745. Barrick Gold Corporation's analyst rating consensus is a Moderate Buy. This is based on the ratings of 11 Wall Streets Analysts.
Dividend FAQ
Newmont Corporation ( NEM ) pays dividends to its shareholders. Newmont Corporation's ( NEM ) quarterly dividend per share was $0.25 as of March 28, 2024 . Newmont Corporation's latest ex-dividend date was on March 4, 2024 .
This is because shares of GLD are designed to try and closely mimic the price of gold minus the fund's fees and expenses. Each share of GLD represents a fractional, undivided ownership interest in the trust. GLD owns only gold bullion and sometimes cash.
What will gold be worth in 5 years?
As of December 19, 2023, the spot price of gold was $2,024 per ounce. Considering an annual growth rate of 11.2%, an ounce of gold could be worth about $2,251 in one year. In five years, an ounce of gold could be worth about $3,441, provided that the value continues to grow at a rate of 11.2%.
Con: It doesn't give you passive income or steady returns
Unlike some investments that yield passive income (e.g., rental properties, some stocks and bonds), physical gold doesn't provide passive income, dividends or interest. You will only earn once you sell your gold.
With gold, you'll encounter fees when making your purchase but you'll have full ownership afterward. With gold ETFs, however, you'll be hit with charges for the entire life of your investment. Fees related to marketing and management are constant expenses that you'll have to deal with.
However, these companies can also shrink or fail, resulting in losses. That said, gold mining ETFs are typically well-diversified, but there's still risk involved if companies in the ETF fail to meet their objectives.
The most important difference between physical ownership and investing in an ETF is the actual ownership of the gold. With physical gold, you own the precious metal in the form of coins, bars, or bullion. With a physical gold ETF, you own a share of a fund that holds physical gold, but you do not own the gold directly.
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