Northern Star Resources Ltd (ASX: NST) shareholders will have something to cheer about today as the company pays out its latest dividend.
The gold mining giant is rewarding eligible investors with a fully franked final dividend of 11.5 cents per share.
At the time of writing, the Northern Star share price is travelling 5.3% higher to $7.55 as gold prices climb.
For context, the S&P/ASX 200 Index (ASX: XJO) also heading north with a 1.93% gain following a strong lead on Wall Street overnight.
Let's take a look at all the details regarding the Northern Star dividend.
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Northern Star pays out final dividend
Northern Star delivered a solid performance for its full-year results for the 2022 financial year.
In summary, the company achieved gold production of 1,561koz at an all-in sustaining cost (AISC) of $1,633/oz.
This led to a bumper group revenue of $3,735 million, up 35%.
On the bottom line, Northern Star reported a 27% fall in underlying net profit after tax (NPAT) of $273 million.
However, the biggest win for shareholders came from the board's decision to increase the final dividend by 21% over H2 FY 2021.
Furthermore, this is the second-biggest dividend to be paid out by the company, behind the 19.5 cents per share paid out during COVID-19.
When calculating against the current share price, the company is trailing on a dividend yield of 2.84%.
Northern Star share price snapshot
Over the past 12 months, the Northern Star share price has fallen 11% on the back of falling gold prices.
Consecutive rate hikes by the US Federal Reserve to combat hot-running inflation hasn't helped the company.
Nonetheless, the group previously noted it has ample firepower on its balance sheet to seize opportunities during market downturns.
Northern Star has a price-to-earnings (P/E) ratio of 19.31 and commands a market capitalisation of approximately $8.35 billion.
