Amerigo pays an extra dividend

Article Excerpt

AMERIGO RESOURCES, $1.66, is a buy for aggressive investors. The company (Toronto symbol ARG; TSINetwork Rating: Speculative) (www.amerigoresources.com; Shares o/s: 166.0 million; Market cap: $287.1 million; Dividend yield: 7.2%) is now using its strong cash flow to declare its first Performance Dividend of $0.04 a share, payable on August 6, 2024. In the latest quarter, its cash reserves reached targeted levels, allowing for an additional quarterly dividend to be paid to shareholders. The $0.04-a-share dividend is on top of the company’s regular $0.03 quarterly dividend. That regular dividend gives the stock a very high yield of 7.2%. Amerigo Resources is a buy. buy…