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Senior Gold Miner Secures Income with Reserves Beyond 2040
Senior Gold Miner Secures Income with Reserves Beyond 2040

Hello and welcome to Dividend Brief, the 2-times-weekly newsletter focused on dividend investing.
Today, we will look into Citigroup, Colgate-Palmolive, and ConocoPhillips, highlight a few dividend stocks worth watching as well as share companies that are about to pay a dividend in the next few days.

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Financial Services
Citigroup’s $1 Billion Fraud Case Resurfaces in Major Legal Setback

Citigroup (NYSE: C) is facing a revived $1 billion fraud lawsuit after the 11th U.S. Circuit Court of Appeals ruled that the banking giant must answer claims tied to a long-running scandal involving its Mexican subsidiary, Banamex.
Initially filed by bondholders and international creditors, the lawsuit alleges that Citigroup enabled and concealed massive fraud at Oceanografía, a now-defunct oil services contractor for Mexico’s state-owned Pemex.
At the heart of the case are allegations that Citigroup’s Banamex unit funneled $3.3 billion to Oceanografía between 2008 and 2014, despite clear signs of financial distress and alleged forged Pemex signatures.
This development introduces a fresh layer of financial and reputational risk for Citigroup, which could worry investors despite Citigroup’s attempts to improve its regulatory standing and streamline operations. Legal costs and potential settlements could weigh on future earnings, and the case may draw renewed scrutiny of the bank’s risk management practices.
Competitors like JPMorgan Chase and Bank of America, which have also faced regulatory challenges, could gain an advantage if Citigroup becomes distracted by this high-profile litigation.
Investors will closely watch how the bank manages this renewed legal threat as it seeks to stabilize its financial performance and shareholder returns.
C currently trades at $72 and pays a dividend of $2.24 per share, a yield of 3.13%.

Consume Goods
Colgate-Palmolive Tackles $200M Tariff Hit with Supply Chain Shifts

Colgate-Palmolive (NYSE: CL) faces $200 million in additional costs this year due to new U.S. tariffs. This challenge could pressure profit margins despite recent investments in its domestic manufacturing network.
The consumer goods giant, known for its oral care, personal hygiene, and pet nutrition brands, expects these costs to be spread across the second to fourth quarters, primarily affecting raw materials and finished goods sourced from China.
Over the past five years, Colgate has invested heavily in reducing its dependence on foreign suppliers, spending $2 billion on its U.S. supply chain. This includes a 40% increase in U.S. manufacturing capacity and the opening of a new 365,000-square-foot pet food facility in Tonganoxie, Kansas.
However, these efforts have not fully offset the rising costs of the latest round of tariffs, highlighting the ongoing pressure on manufacturers as trade policies shift.
For investors, the additional $200 million in expenses could weigh on Colgate’s profit margins, potentially affecting its ability to maintain consistent dividend payouts. The company’s Hill’s Pet Nutrition division, a key growth area, could also face margin pressures if costs remain elevated, challenging its long-term profitability.
With competitors like Procter & Gamble and Unilever also navigating supply chain disruptions and cost pressures, Colgate’s ability to manage these tariff impacts will be closely watched as it seeks to protect market share and preserve shareholder returns.
CL currently trades at $90 and pays a dividend of $2.08 per share, a yield of 2.30%.

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Energy
ConocoPhillips Cuts $450M in Capex as Oil Market Stalls

ConocoPhillips (NYSE: COP) has cut its 2025 capital expenditure forecast by $450 million, reducing planned spending to a midpoint of $12.45 billion. This move comes as the U.S. oil giant navigates a challenging environment marked by lower crude prices, ongoing tariff impacts, and aggressive OPEC production.
The company’s decision to trim capex aligns with a broader trend in the energy sector, where firms like Apache and Diamondback Energy have also scaled back spending. With U.S. benchmark prices hovering around $60 per barrel, producers prioritize cost discipline to preserve cash flow and maintain operational flexibility.
ConocoPhillips, in particular, focuses on its low-cost supply inventory and operational efficiencies to support its 2025 production targets without significantly cutting output. Financially, the company remains strong, reflecting a continued focus on shareholder returns.
However, the $22.5 billion Marathon Oil acquisition, which is progressing ahead of schedule, underscores the company’s broader strategy to consolidate its asset base and strengthen cash flow.
While this acquisition adds scale, it also increases financial exposure if market conditions worsen.
For investors, the reduced capex signals a cautious approach to capital management, balancing short-term cost control with long-term production stability.
With OPEC’s aggressive production stance and ongoing geopolitical risks, ConocoPhillips’ strategy to preserve liquidity and maintain operational flexibility will be critical as the industry faces mounting challenges.
COP currently trades at $88 and pays a dividend of $3.12 per share, a yield of 3.52%.

Dividend Stocks Worth Watching
Want to capture the market-wide gold rush, but leery of stacking bars and bullion under your mattress? These dividend-paying gold mining stocks help capture the precious metal’s current bull run while offering operational strength for long-term stability.
B2Gold (NYSEAMERICAN: BTG) is a Canadian gold miner offering a 2.65% forward yield supported by the strength of its running open-pit mines in Mali, Namibia, and the Philippines. The miner is also running concurrent exploration operations on four continents, and its diversified buyer base helps it sell gold products at higher prices than miners dependent upon a single or small number of purchasers.
Barrick Gold (NYSE: GOLD) is the name in senior gold miners, as its to-the-point ticker implies, supported by gold reserves projected to extend beyond 2040 and reinforce its stable position. The Toronto gold miner offers a 2.12% forward yield, while its expansive copper mining operation helps offset gold pricing risks amid current momentum.
Centerra Gold (NYSE: MPC) is the smaller gold miner on our list (by market cap) but also boasts the highest forward dividend yield (currently 2.85%). The company has multiple mining operations in North America, reducing the risk of global logistics volatility cutting into its bottom line as much of its mined product sells to domestic markets.

Dividend Increases
EXPD increased its dividend payout to 77 cents per share, a 5.4% rise. Its new forward yield is 1.40%.
CPK expanded its dividend payout to 68.5 cents per share, a 7.0% increase. Its new forward yield is 2.11%.
PBI improved its dividend payout to 7 cents per share, an increase of 16.6%. Its new forward yield is 2.97%.
Dividend Decreases
TPG lowered its dividend payout to 32 cents per share, a cut of 22.6%. Its new dividend yield is 3.41%.
METC reduced its dividend payout to 6 cents per share, a cut of 50.5%. Its new dividend yield is 2.97%.
VSDA decreased its dividend payout to 3 cents per share, a cut of 82.6%. Its new dividend yield is 0.72%.

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Upcoming Dividend Payers
V’s ex-dividend date for its upcoming $0.59 payout is on 5/13/25.
DAL’s ex-dividend date for its upcoming $0.15 payout is on 5/13/25.
TGT’s ex-dividend date for its upcoming $1.21 payout is on 5/14/25.

Everything Else
UnitedHealthcare is under fire by investors, with a group of shareholders filing a class action lawsuit for not adjusting the company’s outlook following the CEO’s death.
Walmart recently ended a perk to facilitate low-income customer purchases, which may signal a period of belt-tightening amid tariffs.
Paramount shrugged off movie tariff threats, beating earnings estimates and maintaining its 1.7% yield.
Bill Ackman joined the ranks of many calling for Berkshire to begin offering dividends following Buffett’s departure.
Chinese export rates cratered this week, signaling trouble for retailers’ dividend prospects.

That’s all for today’s edition of the Dividend Brief.
Thanks for reading, and if you have any feedback or dividend stocks you want me to take a look at, just reply to this email!
—Noah Zelvis
DividendBrief.com
Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails.