Caledonia Mining Co. Plc Declares Quarterly Dividend of $0.14 (NYSEAMERICAN:CMCL)

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) declared a quarterly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Friday, July 12th will be given a dividend of 0.14 per share on Friday, July 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, July 12th.

Caledonia Mining has raised its dividend payment by an average of 18.7% per year over the last three years. Caledonia Mining has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings.

Caledonia Mining Price Performance

Caledonia Mining stock opened at $10.34 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $132.66 million, a PE ratio of 147.71 and a beta of 0.69. Caledonia Mining has a 1 year low of $8.91 and a 1 year high of $13.55.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its earnings results on Monday, May 13th. The company reported $0.27 EPS for the quarter. The company had revenue of $38.53 million during the quarter. Caledonia Mining had a return on equity of 7.95% and a net margin of 1.91%.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald upgraded shares of Caledonia Mining from a “hold” rating to a “speculative buy” rating and set a $13.50 target price on the stock in a research note on Monday, April 29th.

Caledonia Mining Company Profile

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.