Caledonia Mining Corporation PLC (CMCL) To Go Ex-Dividend on April 2nd

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) declared a quarterly dividend on Monday, March 23rd. Stockholders of record on Thursday, April 2nd will be given a dividend of 0.14 per share on Friday, April 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 2nd.

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

Caledonia Mining Stock Down 1.0%

Caledonia Mining stock opened at $22.04 on Tuesday. The stock has a market cap of $423.61 million, a PE ratio of 7.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.25 and a current ratio of 1.69. Caledonia Mining has a one year low of $10.65 and a one year high of $38.75. The stock has a fifty day moving average of $27.73 and a 200 day moving average of $29.16.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its earnings results on Monday, March 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). The firm had revenue of $74.74 million during the quarter, compared to analysts’ expectations of $71.90 million. Caledonia Mining had a return on equity of 23.61% and a net margin of 21.90%.

Caledonia Mining Company Profile

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.