Dividend-paying stocks are largely misunderstood by many investors. Just because a security is paying, say, 3% today doesn’t mean it will continue paying that tomorrow or into the future. That being said, the companies on our list have gone from paying millions in dividends during the past two years, to paying no dividends at all while also seeing its stock price drop.
IAMGOLD Corp. (TSX: IMG) – $1.58
Gold
IAMGOLD Corporation (IAMGOLD) is a mid-tier mining company with four operating gold mines on three continents. The Company’s mines include the Rosebel Gold Mine, Essakane Gold Mine, Sadiola Gold Mine and Yatela Gold Mine. IAMGOLD operates in West Africa, the Guiana Shield of South America, and Quebec and has a pipeline of development and exploration projects.
- Market Cap: $650,077,854
- Gross Dividends on Common Stock (2014): $0
- Gross Dividends on Common Stock (2013): $49,914,000
- Gross Dividends on Common Stock (2012): $93,356,610
Kinross Gold Corp. (TSX: K) – $2.17
Gold
Kinross Gold Corporation is a senior gold mining company engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. Its gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania.
- Market Cap: $2,567,667,231
- Gross Dividends on Common Stock (2014): $0
- Gross Dividends on Common Stock (2013): $96,960,600
- Gross Dividends on Common Stock (2012): $180,859,830
Semafo Inc. (TSX: SMF) – $2.54
Gold
SEMAFO Inc. is a Canada-based mining company with gold production and exploration activities in West Africa. The Company operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou and Fofina deposits. The Mana property is located approximately 200 kilometers west of Ouagadougou, the capital city of Burkina Faso. The Mana Mine produced approximately 158,600 ounces of gold in 2014.
- Market Cap: $781,545,468
- Gross Dividends on Common Stock (2014): $0
- Gross Dividends on Common Stock (2013): $5,521,338
- Gross Dividends on Common Stock (2012): $10,767,261
IBI Group Inc. (TSX: IBG) – $2.02
Business Support Services
IBI Group Inc. is a Canada-based international, multi-disciplinary provider of a range of professional services focused on the physical development of cities. The business of the Company is conducted through IBI Group Partnership, which is a global architecture, engineering, planning and technology entity that operates in more than 15 countries across the world. Its consulting services are concentrated in three practice areas: intelligence, buildings and infrastructure. The Company operates in a range of sectors, including urban design and planning, architecture, civil engineering, transportation engineering, traffic engineering, systems engineering, real estate analysis, landscape architecture, communications engineering and software development, among others.
- Market Cap: $38,004,824
- Gross Dividends on Common Stock (2014): $0
- Gross Dividends on Common Stock (2013): $2,316,000
- Gross Dividends on Common Stock (2012): $15,847,000
