The last few months have been a difficult period for the Newcrest Mining Ltd (ASX: NCM) share price.
After touching a 52-week high of $28.96 in April, the gold miner's shares sunk to a multi-year low of $18.26 at market close yesterday. To put that into context, it represents a fall of more than 35% in the space of 4 months.
The company released its full-year results last Friday, climbing 3.64%, but provided little relief to shareholders.
At the time of writing, the Newcrest share price is trading at $18.35, down 1.45%.
While the share price has lost its shine, investors can look forward to the company's dividend that was recently declared.
Here are all the details you need to know about the upcoming final dividend.
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Newcrest shares near ex-dividend date
There could be a short-term boost for the Newcrest share price today as gold prices are currently up 0.32% to US$1,751 per ounce.
In addition, investors may look to secure the company's latest dividend as the ex-dividend falls on Friday 26 August.
This means if you buy the gold miner's shares today and hold them until tomorrow morning, you'll be eligible for the dividend.
It is however worth pointing out that on Friday, Newcrest shares will likely fall in proportion to the dividend paid out. This is because investors who have locked in the dividend will quickly sell to gain a quick profit.
When can Newcrest shareholders expect payment?
If you're going to collect Newcrest's final dividend, you'll receive a payment of 20 US cents per share on 29 September. That equates to around 29 Aussie cents, but the final amount will be determined on 30 August.
The dividend is fully franked.
In addition, it brings the total dividends paid out for the 2022 financial year to 27.5 US cents per share.
Newcrest's policy is to target a total annual dividend payout of 30-60% of free cash flow generated for any financial year. Annual total dividends must be at least US 15 cents per share on a full year basis.
Newcrest share price snapshot
Since the start of 2022, the Newcrest share price has tanked 25% as the price of gold continues to retreat.
Newcrest commands a market capitalisation of approximately $16.38 billion and has a dividend yield of 3.58%.
