AngloGold Ashanti PLC (NYSE:AU – Get Free Report) declared a quarterly dividend on Friday, February 20th. Investors of record on Friday, March 13th will be given a dividend of 0.173 per share by the mining company on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, March 13th.
AngloGold Ashanti has increased its dividend payment by an average of 0.5%per year over the last three years. AngloGold Ashanti has a payout ratio of 113.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect AngloGold Ashanti to earn $4.14 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 87.9%.
AngloGold Ashanti Stock Performance
NYSE AU traded up $6.75 during trading on Friday, reaching $114.38. 4,872,837 shares of the company’s stock were exchanged, compared to its average volume of 2,962,865. AngloGold Ashanti has a fifty-two week low of $28.44 and a fifty-two week high of $115.81. The stock has a market capitalization of $57.75 billion, a P/E ratio of 25.19 and a beta of 0.59. The business has a 50 day moving average price of $97.79 and a 200-day moving average price of $79.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98.
About AngloGold Ashanti
AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.
The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.
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