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Update: Reacting To Goldcorp's Dividend Announcement

Goldcorp (NYSE:GG) has just announced its second dividend payment of 2015. Despite cash flow issues that I have highlighted previously, the company has once again maintained its payout. Remember that Goldcorp pays its shareholders a monthly dividend, and the present announcement marks the second of the monthly distributions to be paid in Q1. While not really being known as a yield play, it has to be noted that Goldcorp has paid a monthly dividend to its shareholders since 2003. While the yield was never enticing, with the recent share price decline following the gold rut, the yield has become more attractive, now at 2.5%. When the yield was north of 3% I called for investors to accumulate shares. This call has generated a return of over 20% and the current news supports the call. The present dividend is once again $0.05. The dividend is payable Thursday, February 15, 2015, to shareholders of record February 12,…