gold mining stock to pay div in PM
Posted: Tue May 08, 2012 9:29 pmGold Resource Corp (GORO) will start offering their investors the option of recieving the dividend in gold or silver coins. They pay about 2.9% div, which is pretty good for a miner. They will start offering their div payment in gold or silver coins. I don't own GORO, and if I bought it it would only be for the bump this notoriety might bring. Still, an interesting idea, and per the article I read, an idea that may spread. IF the stock sold for $25 a share, and paid 3%, and silver was $25 an ounce (to make the math easier) I would have to own 133 shares, or about $3,333 worth, to recieve a 1 oz coin every qtr ----- actually, that doesn't sound too bad. Of course, you could buy any stock, take the div in cash, and buy your own coin every qtr.
Gold Resource Corp. relies upon Gold Bullion International (GBI), a New York-based private company, to facilitate the conversion and distribution of its dividends. GBI, which recently appointed Sallie Krawcheck, a past president of Bank of America Corp.'s Global Wealth Management group, is a precious metals provider to institutional asset managers and the wealth management industry. The company acquires metal on behalf of its clients for vaulting in New York, London, Salt Lake City and Zurich.
GBI's Physical Dividend Program is, in essence, being road-tested by Gold Resource Corp. as the gold producer is actually GBI's partner on the dividend platform. Gold Resource Corp. shareholders — and, presumably, shareholders of other companies that may later enroll in the program — have the option of taking their dividends in the form of so-called Double Eagle rounds. Gold Resource Corp. produces these gold and silver one-ounce coins in 0.999 fineness. And therein lies the first wrinkle in the dividend scheme: to get the immediate benefit of a cash-to-bullion conversion, investors need to hold large stakes in Gold Resource Corp.
http://seekingalpha.com/article/566661- ... urce=yahoo
Gold Resource Corp. relies upon Gold Bullion International (GBI), a New York-based private company, to facilitate the conversion and distribution of its dividends. GBI, which recently appointed Sallie Krawcheck, a past president of Bank of America Corp.'s Global Wealth Management group, is a precious metals provider to institutional asset managers and the wealth management industry. The company acquires metal on behalf of its clients for vaulting in New York, London, Salt Lake City and Zurich.
GBI's Physical Dividend Program is, in essence, being road-tested by Gold Resource Corp. as the gold producer is actually GBI's partner on the dividend platform. Gold Resource Corp. shareholders — and, presumably, shareholders of other companies that may later enroll in the program — have the option of taking their dividends in the form of so-called Double Eagle rounds. Gold Resource Corp. produces these gold and silver one-ounce coins in 0.999 fineness. And therein lies the first wrinkle in the dividend scheme: to get the immediate benefit of a cash-to-bullion conversion, investors need to hold large stakes in Gold Resource Corp.
http://seekingalpha.com/article/566661- ... urce=yahoo
