AngloGold Ashanti PLC (NYSE:AU) Declares $0.17 Quarterly Dividend

AngloGold Ashanti PLC (NYSE:AUGet Free Report) declared a quarterly dividend on Friday, February 20th. Stockholders of record on Friday, March 13th will be given a dividend of 0.173 per share by the mining company on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, March 13th.

AngloGold Ashanti has raised its dividend payment by an average of 0.5%per year over the last three years. AngloGold Ashanti has a payout ratio of 113.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect AngloGold Ashanti to earn $4.14 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 87.9%.

AngloGold Ashanti Stock Up 6.3%

Shares of AU traded up $6.75 on Friday, hitting $114.38. The company’s stock had a trading volume of 4,872,837 shares, compared to its average volume of 2,962,865. The firm’s fifty day moving average price is $97.79 and its 200-day moving average price is $79.20. AngloGold Ashanti has a fifty-two week low of $28.44 and a fifty-two week high of $115.81. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $57.75 billion, a price-to-earnings ratio of 25.19 and a beta of 0.59.

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AngloGold Ashanti Company Profile

(Get Free Report)

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.

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Dividend History for AngloGold Ashanti (NYSE:AU)

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