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Data last updated: Sep 28, 2026
Snapshot (as of Sep 28, 2026): Newcrest Mining Limited (NCMGF) pays a $1.89 annual dividend, yielding 12.41% at $15.20/share. Next ex-dividend date 2023-10-19. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 12.41%
Annual Dividend: $1.89 per share
Payout Ratio: 61.3%
Ex-Dividend Date: 2023-10-19
Dividend Frequency: annually
Sector: Basic Materials
Years of Dividend History: 25
Newcrest Mining Limited dividend investors are looking at a gold and copper mining company with operations spanning Australia, Papua New Guinea, Canada, and Ecuador. The current yield stands at 12.41%, paid annually, with the last dividend of $1.1000 per share and an ex-dividend date of 2023-10-19. The trailing annual dividend rate is $1.8860 per share. With a beta of 0.694, NCMGF stock moves less than the broader market, which appeals to income investors who want commodity exposure without extreme price swings.
Newcrest Mining Limited pays out 61.3% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level leaves a meaningful buffer above a 100% payout, supported by the company's operations across producing mines including Cadia in Australia and Lihir in Papua New Guinea, which generate revenue from gold and gold/copper concentrate sales. Newcrest Mining Limited dividend safety faces its primary pressure from gold price volatility: as a pure-play precious metals producer, earnings can swing sharply with commodity prices, and a sustained drop in gold prices would directly compress the earnings base supporting that 61.3% payout.
Newcrest Mining Limited dividend history shows a CAGR of 18.9% per year from 2002 to 2023. Per-share payments grew from $0.0500 to $1.8860 over that span, a remarkable long-run expansion in absolute dollar terms. The largest annual increase in the window was 141.4% in 2021, reflecting how lumpy gold-driven earnings can produce outsized single-year jumps. The data also contains at least one year-over-year decline exceeding 5%, so the growth path has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 10-Year | +20.4% | $0.30 (2011) | $1.89 (2023) |
NCMGF stock fits dividend investors who want high commodity-linked income and can accept year-to-year payment variability. The yield is classified as high (above 4%), currently at 12.41%, which sits well above the 5-year average yield of 6.65%. That gap signals the current payout is historically elevated relative to its own baseline. The trade-off is clear: zero consecutive years of dividend increases and a history that includes declines mean income is not predictable from year to year. What an investor gets is a high nominal yield from a global gold producer. What they accept is a dividend that moves with earnings, not on a fixed growth schedule.
| Payment Date | Amount per Share |
|---|---|
| 2023-10-19 | $1.1000 |
| 2023-08-18 | $0.2860 |
| 2023-02-24 | $0.5000 |
| 2022-08-26 | $0.2860 |
| 2022-02-25 | $0.0750 |
| 2021-08-26 | $0.5710 |
| 2021-02-18 | $0.2140 |
| 2020-08-21 | $0.2500 |
| 2020-02-20 | $0.0752 |
| 2019-08-22 | $0.2070 |
| Year | Total Dividends |
|---|---|
| 2023 | $1.8860 |
| 2022 | $0.3610 |
| 2021 | $0.7850 |
| 2020 | $0.3252 |
| 2019 | $0.2820 |
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