The Dividend Yield on Barrick Mining Just Crossed 2%. Here's Why It's Sustainable.

Barrick Mining's dividend yield has reached 2.16%, more than double the S&P 500 average, and is considered sustainable with a 24% payout ratio. The company reported strong Q2 earnings with 28% FCF growth and 55% EPS increase. A settlement with Newmont provides $1.95 billion in cash and clears the way for an IPO of North American gold assets. The stock trades at a discount valuation of 11.5x forward earnings.