Goldcorp Monthly Dividend | Mining University

Goldcorp Monthly Dividend

Goldcorp announced yesterday that it will pay a monthly dividend for June of 4.5 cents per share.  Goldcorp has paid monthly dividends to shareholders since 2003. Shareholders are on par for a $0.54 per share dividend for all of 2012.  At about $40 per share that is 1.35 percent in dividends.

I like the idea of monthly dividends from a shareholder perspective, but isn't it more hassle than it's worth? How much paperwork needs to be filed by shareholders and by Goldcorp to have monthly dividends? How much time and effort and money is this costing? Wouldn't an annual $0.54 dividend do the same thing at a smaller expense?

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