As we approach the end of 2025, stocks are on track to achieve double-digit gains for the third consecutive year, despite concerns over geopolitical tensions and an artificial intelligence bubble. Gold prices have outperformed the S&P 500 Index this year, with Anglogold Ashanti stock up nearly 265% year-to-date, offering one of the highest dividend yields among gold miners. The surge in gold prices has led to record cash flows for gold mining companies, with Anglogold reporting nearly $1 billion in free cash flow in the third quarter of 2025.

Looking ahead to 2026, gold prices are expected to continue their upward trajectory, supported by global uncertainty and central bank buying. While Agnico-Eagles Mines is viewed as a safer bet among gold miners, Anglogold Ashanti may appeal to more aggressive investors seeking generous dividends. The company recently announced an interim dividend of 80 cents per share and is committed to paying out 50% of its free cash flow to investors annually.

Investors should consider Anglogold’s future cash flow potential when evaluating its dividend yield, which currently stands at over 4% based on the Q3 payout. Despite the recent rally in AU stock, some may opt to wait for a potential price correction before investing. While short-term fluctuations in gold prices may occur, the positive long-term outlook for gold suggests that Anglogold Ashanti remains a compelling buy opportunity for investors looking to capitalize on the precious metal’s appeal.

Read more at Barchart: Is This Dividend Stock a Buy for 2026 After Rising 265% in 2025?