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

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

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

Caledonia Mining Price Performance

NYSEAMERICAN:CMCL traded up $0.98 during trading hours 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 stock has a fifty day simple moving average of $19.38 and a 200-day simple moving average of $23.69. Caledonia Mining has a twelve month low of $15.85 and a twelve month high of $38.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.66 and a quick ratio of 4.08. The company has a market capitalization of $438.92 million, a P/E ratio of 7.13 and a beta of 0.67.

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

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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