Caledonia Mining Corporation PLC Plans Quarterly Dividend of $0.14 (NYSEAMERICAN:CMCL)

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCLGet Free Report) announced a quarterly dividend on Monday, August 10th. Shareholders of record on Friday, August 21st will be given a dividend of 0.14 per share on Friday, September 4th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, August 21st.

Caledonia Mining has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings.

Caledonia Mining Stock Performance

Shares of CMCL stock traded up $0.98 during trading on Monday, hitting $22.73. The company’s stock had a trading volume of 285,463 shares, compared to its average volume of 299,062. The company has a current ratio of 4.66, a quick ratio of 4.08 and a debt-to-equity ratio of 0.35. The company has a market cap of $438.92 million, a PE ratio of 7.13 and a beta of 0.67. The business has a fifty day moving average of $19.38 and a 200-day moving average of $23.69. Caledonia Mining has a 52 week low of $15.85 and a 52 week high of $38.75.

Caledonia Mining (NYSEAMERICAN:CMCLGet Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.14. The business had revenue of $75.91 million during the quarter, compared to the consensus estimate of $82.00 million. Caledonia Mining had a net margin of 23.59% and a return on equity of 23.90%.

Caledonia Mining Company Profile

(Get Free Report)

Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.

See Also

Dividend History for Caledonia Mining (NYSEAMERICAN:CMCL)

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