Caledonia Mining Co. Plc Announces Quarterly Dividend of $0.14 (NYSEAMERICAN:CMCL)
(NYSEAMERICAN:CMCL - Get Free Report) declared a quarterly dividend on Tuesday, March 25th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.14 per share on Friday, April 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, April 4th.
Caledonia Mining has raised its dividend payment by an average of 1.9% annually over the last three years. Caledonia Mining has a payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings.
Shares of NYSEAMERICAN:CMCL traded down $0.08 during trading on Tuesday, reaching $11.25. The company's stock had a trading volume of 58,900 shares, compared to its average volume of 70,531. The company's 50 day moving average price is $10.11. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. Caledonia Mining has a 12 month low of $8.81 and a 12 month high of $16.95. The stock has a market cap of $216.23 million, a PE ratio of 23.44 and a beta of 0.68.
Separately, Maxim Group raised shares of Caledonia Mining to a "strong-buy" rating in a research note on Friday, January 3rd.
Read Our Latest Stock Analysis on CMCL
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Caledonia Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Caledonia Mining wasn't on the list.
While Caledonia Mining currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
