DRDGOLD Limited (DRD) to Distribute Dividend of $0.74 on September 21st

DRDGOLD Limited (NYSE:DRD) declared a dividend on Wednesday, August 19th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.7379 per share by the basic materials company on Monday, September 21st. This represents a yield of 530.0%. The ex-dividend date of this dividend is Friday, September 11th.

DRDGOLD has decreased its dividend by an average of 0.1%per year over the last three years. DRDGOLD has a dividend payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings.

DRDGOLD Price Performance

Shares of DRDGOLD stock opened at $29.61 on Friday. DRDGOLD has a 52 week low of $16.10 and a 52 week high of $39.37. The stock has a 50 day moving average price of $22.31 and a two-hundred day moving average price of $27.37.

DRDGOLD (NYSE:DRD) last released its quarterly earnings data on Wednesday, August 19th. The basic materials company reported $0.83 EPS for the quarter. The firm had revenue of $188.03 million for the quarter. As a group, sell-side analysts predict that DRDGOLD will post 4.94 earnings per share for the current year.

Hedge Funds Weigh In On DRDGOLD

Hedge funds have recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of DRDGOLD in the fourth quarter valued at about $42,000. Farther Finance Advisors LLC increased its stake in DRDGOLD by 33.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock valued at $70,000 after buying an additional 566 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of DRDGOLD by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock worth $92,000 after buying an additional 713 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of DRDGOLD in the 3rd quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC bought a new position in shares of DRDGOLD in the fourth quarter valued at approximately $140,000. 14.70% of the stock is owned by hedge funds and other institutional investors.

DRDGOLD Company Profile

DRDGOLD (NYSE: DRD) is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD’s operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.

The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.