DRDGOLD Ltd. (NYSE:DRD) Raises Dividend to $0.04 Per Share

DRDGOLD Ltd. (NYSE:DRD) announced a quarterly dividend on Thursday, February 22nd, Wall Street Journal reports. Investors of record on Friday, March 16th will be paid a dividend of 0.0426 per share by the basic materials company on Thursday, March 29th. This represents a $0.17 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Thursday, March 15th. This is an increase from DRDGOLD’s previous quarterly dividend of $0.04.

DRDGOLD has increased its dividend by an average of 24.3% per year over the last three years and has raised its dividend annually for the last 5 consecutive years.

Shares of DRDGOLD (NYSE:DRD) opened at $2.81 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.14 and a quick ratio of 1.31. DRDGOLD has a 12-month low of $2.65 and a 12-month high of $5.47.

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DRDGOLD Company Profile

DRDGOLD Limited is a gold mining company. The Company is engaged in gold production by tailings retreatment. The Company is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Company owns approximately 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO).

Dividend History for DRDGOLD (NYSE:DRD)

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