DRDGOLD Limited (DRD) To Go Ex-Dividend on March 13th

DRDGOLD Limited (NYSE:DRD) announced a dividend on Friday, February 20th. Investors of record on Friday, March 13th will be given a dividend of 0.3122 per share by the basic materials company on Monday, March 23rd. This represents a dividend yield of 174.0%. The ex-dividend date of this dividend is Friday, March 13th.

DRDGOLD has decreased its dividend payment by an average of 0.1%per year over the last three years. DRDGOLD has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect DRDGOLD to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 55.6%.

DRDGOLD Stock Performance

Shares of NYSE:DRD traded down $1.43 during trading on Wednesday, reaching $32.64. The stock had a trading volume of 220,786 shares, compared to its average volume of 360,968. The business has a fifty day moving average price of $34.62 and a 200-day moving average price of $29.61. DRDGOLD has a fifty-two week low of $12.75 and a fifty-two week high of $39.37.

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.