It’s been a rough few months for the Nickel Industries Ltd (ASX: NIC) share price.
Shares in Nickel Industries (formerly known as Nickel Mines) closed flat at $1.01 on Friday, underperforming the S&P/ASX 200 Index (ASX: XJO), which gained 0.77%.
The company has now lost 19% of its value over the past month alone, as well as 31% over 2022 thus far.
As my Fool colleague Monica covered earlier this month, Nickel Industries has been hit hard by the falling price of nickel itself.
Since the price of this base metal spiked back in March, nickel has fallen by almost 50%. So it’s perhaps no wonder that the Nickel Industries share price has come under pressure over the same period.
But falling share prices carry a silver lining when it comes to dividends. And Nickel Industries is a dividend-paying ASX share. So let’s check out what the current dividend yield for this company is today.
Nickel Industries has paid out two dividends covering FY 2022. The interim dividend hit investors’ bank accounts in September of last year. The final payment was doled out back In February this year. Both payments were worth 2 cents per share, and came unfranked.
A trailing annual dividend payment of 4 cents per share (in some neat maths) works out to give Nickel Industries a trailing dividend yield of 3.9% on the current share price of $1.01.
But that is only a trailing dividend yield. For investors to receive this yield going forward, Nickel Industries will have to at least maintain its dividend payouts for its next two dividend payments. This, of course, is not guaranteed.
No doubt investors will be keen to see what kind of cash comes their way going forward.
This ASX 200 resources share has a market capitalisation of $2.72 billion.
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