Newmont Sets USD 0.25 Dividend with 30% U.S. Withholding Tax
Newmont Corporation has announced a quarterly dividend of USD 0.25 per security, payable on September 29, 2025, with a default 30% U.S. withholding tax applying to non-resident holders.
- Quarterly dividend of USD 0.25 per security declared
- Dividend payable on September 29, 2025
- Default 30% U.S. non-resident withholding tax applies
- Dividend payments default to Australian dollars with options for USD or NZD
- Mandatory direct credit payment policy for holders in Australia, New Zealand, and the U.S.
Newmont’s Latest Dividend Announcement
Newmont Corporation, a leading player in the gold mining sector, has declared its ordinary quarterly dividend for the period ending June 30, 2025. The company will pay USD 0.25 per security, with the payment scheduled for September 29, 2025. This announcement provides investors with clarity on income expectations for the upcoming quarter.
Tax and Currency Considerations
The dividend is unfranked, meaning it carries no Australian franking credits, and is subject to a default 30% withholding tax for non-resident security holders under U.S. tax law. However, holders who certify their tax residency in countries with applicable tax treaties may qualify for reduced withholding rates. This certification must be completed before the dividend record date on September 4, 2025.
Newmont has also outlined its currency arrangements for dividend payments. While payments default to Australian dollars, security holders can elect to receive dividends in U.S. or New Zealand dollars. This flexibility caters to the company’s diverse investor base across multiple jurisdictions.
Payment Logistics and Investor Obligations
For holders registered in Australia, New Zealand, or the United States, Newmont enforces a mandatory direct credit policy. Investors must provide valid banking details or Global Wire payment instructions to avoid payment withholding. Those residing outside these countries will receive payments by cheque in Australian dollars unless they provide valid banking instructions.
Investors are encouraged to update their payment details promptly via Computershare’s online portal to ensure smooth processing. The deadline for updating payment instructions is 5 – 00 PM AEST on September 4, 2025.
Implications for Investors
This dividend announcement underscores Newmont’s steady commitment to returning value to shareholders amid a complex tax and currency environment. The withholding tax and currency options highlight the importance of proactive tax planning and administrative diligence for investors, especially those outside Australia and the U.S.
Bottom Line?
As Newmont prepares to pay its next dividend, investors must navigate tax certifications and currency choices to maximise their returns.
Questions in the middle?
- How will currency fluctuations between USD, AUD, and NZD impact the effective dividend received?
- What proportion of Newmont’s investor base typically claims reduced withholding tax under treaties?
- Could changes in U.S. tax law or international treaties affect future withholding tax rates on dividends?
