Eldorado Gold Corporation (EGO) To Go Ex-Dividend on February 27th

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Friday, February 27th will be given a dividend of 0.075 per share by the basic materials company on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th.

Eldorado Gold has a dividend payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eldorado Gold to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 15.0%.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $43.40 on Wednesday. The firm has a market cap of $8.62 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.19 and a beta of 0.51. Eldorado Gold has a 52 week low of $13.30 and a 52 week high of $51.16. The firm’s fifty day moving average is $41.07 and its 200-day moving average is $32.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.46 and a current ratio of 1.83.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $575.14 million for the quarter, compared to the consensus estimate of $500.42 million. Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%. Sell-side analysts predict that Eldorado Gold will post 1.5 earnings per share for the current year.

Eldorado Gold Company Profile

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.