Nevsun NSU
Up over 10% today on an earnings beat. Great mining resource stock in one of my IRA’s for anyone interested in a “Steady Eddie.” The dividend was about 5.5% when I picked it up at $2.90 at it’s IC Low back in late June.
Unlike many resource companies that are loaded with debt, NSU’s balance sheet is quite strong which allows them to pay a nice dividend while the stock price moves through various cycles.
Even with the pop today the Div is still 4.7%.
What’s a Dividend ?