Kenmare Resources plc (KMR) to Issue Dividend of $0.17 on May 30th

Kenmare Resources plc (LON:KMR) announced a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Investors of record on Thursday, May 8th will be given a dividend of $0.17 per share on Friday, May 30th. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, May 8th. This is a 13.3% increase from Kenmare Resources’s previous dividend of $0.15. The official announcement can be accessed at this link.

Kenmare Resources Stock Performance

KMR opened at GBX 399.40 ($5.17) on Friday. The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is GBX 337.23 and its 200-day simple moving average is GBX 335.86. Kenmare Resources has a 1 year low of GBX 270 ($3.50) and a 1 year high of GBX 450 ($5.83). The stock has a market cap of £441.53 million, a PE ratio of 5.63, a P/E/G ratio of 0.03 and a beta of 0.58.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 580 ($7.51) target price on shares of Kenmare Resources in a report on Wednesday.

About Kenmare Resources

Kenmare Resources plc is an Ireland-based mining company. The Company operates the Moma Titanium Minerals Mine, located on the northeast coast of Mozambique. The Moma Mine contains deposits of heavy minerals, which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon.