AngloGold Ashanti PLC to Issue Quarterly Dividend of $0.72 (NYSE:AU)

AngloGold Ashanti PLC (NYSE:AU) announced a quarterly dividend on Friday, July 31st. Shareholders of record on Friday, August 21st will be paid a dividend of 0.72 per share by the mining company on Friday, September 4th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 21st.

AngloGold Ashanti has increased its dividend payment by an average of 1.0%per year over the last three years. AngloGold Ashanti has a payout ratio of 145.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect AngloGold Ashanti to earn $7.62 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 60.9%.

AngloGold Ashanti Stock Performance

NYSE:AU opened at $79.17 on Friday. The stock has a 50 day simple moving average of $84.30 and a 200 day simple moving average of $96.15. The stock has a market cap of $39.97 billion, a P/E ratio of 11.61 and a beta of 0.65. AngloGold Ashanti has a 1-year low of $45.36 and a 1-year high of $129.14. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Friday, July 31st. The mining company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($0.05). AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%.The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.20 billion. Research analysts anticipate that AngloGold Ashanti will post 8.23 earnings per share for the current year.

AngloGold Ashanti Company Profile

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.