Investors looking to capitalize on rising gold prices may want to consider adding dividend-paying stocks to their portfolio. Dividend stocks not only provide a steady stream of income, but they can also offer some protection against market volatility. Here are three top dividend stocks to consider in the current gold market.
1. Barrick Gold Corporation (NYSE: GOLD) – Barrick Gold is one of the largest gold mining companies in the world, with operations across several countries. The company has a solid track record of paying dividends to its shareholders, making it a reliable choice for investors looking to benefit from rising gold prices.
2. Newmont Corporation (NYSE: NEM) – Another major player in the gold mining industry, Newmont Corporation is known for its strong dividend payouts. The company has a diverse portfolio of mining operations and is well-positioned to capitalize on increasing gold prices.
3. Franco-Nevada Corporation (NYSE: FNV) – Franco-Nevada is a unique company in the gold industry, as it is a royalty and streaming company rather than a traditional miner. This business model allows Franco-Nevada to generate steady cash flow and offer attractive dividend yields to its investors.
Investors should always conduct their own research before making any investment decisions. However, these three dividend stocks could be solid additions to a portfolio seeking to benefit from a bullish gold market.