Lundin Gold Inc. (TSE:LUG) to Issue Dividend Increase – $1.16 Per Share

Lundin Gold Inc. (TSE:LUG) declared a quarterly dividend on Wednesday, March 11th, TickerTech Dividends reports. Investors of record on Thursday, March 26th will be paid a dividend of 1.1642 per share on Thursday, March 26th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, March 11th. This is a 64.9% increase from Lundin Gold’s previous quarterly dividend of $0.71.

Lundin Gold Trading Up 2.0%

TSE:LUG opened at C$114.62 on Monday. Lundin Gold has a 12 month low of C$39.34 and a 12 month high of C$130.98. The stock has a market capitalization of C$27.71 billion, a price-to-earnings ratio of 35.05 and a beta of 1.30. The firm has a fifty day simple moving average of C$114.37 and a two-hundred day simple moving average of C$105.21.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Friday, February 20th. The company reported C$1.33 earnings per share for the quarter. The firm had revenue of C$697.82 million for the quarter. Lundin Gold had a net margin of 44.42% and a return on equity of 60.01%. Equities analysts predict that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Company Profile

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.