Harmony Gold Mining Company Limited (HMY) To Go Ex-Dividend on October 9th

Harmony Gold Mining Company Limited (NYSE:HMY) declared a dividend on Wednesday, September 16th. Shareholders of record on Friday, October 9th will be given a dividend of 0.4611 per share by the mining company on Monday, October 19th. This represents a yield of 481.0%. The ex-dividend date is Friday, October 9th.

Harmony Gold Mining has increased its dividend payment by an average of 0.4%per year over the last three years. Harmony Gold Mining has a dividend payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Harmony Gold Mining to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 12.7%.

Harmony Gold Mining Stock Performance

NYSE:HMY opened at $20.00 on Friday. Harmony Gold Mining has a fifty-two week low of $13.03 and a fifty-two week high of $26.06. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $18.57 and its two-hundred day moving average is $17.23.

Wall Street Analysts Forecast Growth

HMY has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Harmony Gold Mining in a research report on Friday, July 17th. Finally, Zacks Research raised shares of Harmony Gold Mining to a “hold” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African gold producer headquartered in Randfontein, South Africa. The company explores for, extracts, and processes gold from underground and surface operations, producing doré bars and gold concentrate for sale to refiners. Harmony is listed on the Johannesburg Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol HMY.

Harmony’s operations are primarily located in South Africa, where its assets include the Mponeng, Doornkop, Kusasalethu, and Tshepong operations, as well as surface retreatment and tailings-processing businesses.