DRDGOLD Limited (NYSE:DRD) Declares Dividend of $0.31

DRDGOLD Limited (NYSE:DRD) declared a dividend on Friday, February 20th. Investors of record on Friday, March 13th will be paid a dividend of 0.3122 per share by the basic materials company on Monday, March 23rd. This represents a yield of 174.0%. The ex-dividend date of this dividend is Friday, March 13th.

DRDGOLD has decreased its dividend payment by an average of 0.1%annually over the last three years. DRDGOLD has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DRDGOLD to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 55.6%.

DRDGOLD Price Performance

DRD stock traded down $1.27 during mid-day trading on Wednesday, reaching $32.80. 184,497 shares of the stock traded hands, compared to its average volume of 360,427. DRDGOLD has a 52-week low of $12.75 and a 52-week high of $39.37. The stock’s fifty day moving average is $34.62 and its 200-day moving average is $29.61.

DRDGOLD Company Profile

DRDGOLD (NYSE: DRD) is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD’s operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.

The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.