Sibanye Gold Limited (SBSW) to Issue Annual Dividend of $0.26 on April 2nd

Sibanye Gold Limited (NYSE:SBSW) declared an annual dividend on Friday, February 20th. Investors of record on Friday, March 20th will be paid a dividend of 0.2614 per share on Thursday, April 2nd. This represents a yield of 164.0%. The ex-dividend date is Friday, March 20th.

Sibanye Gold has decreased its dividend payment by an average of 1.0%annually over the last three years. Sibanye Gold has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings.

Sibanye Gold Stock Performance

Sibanye Gold stock opened at $13.36 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The stock’s 50 day moving average is $16.44 and its 200 day moving average is $13.29. Sibanye Gold has a twelve month low of $3.18 and a twelve month high of $21.29.

About Sibanye Gold

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.