Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Announces Quarterly Dividend of $0.14

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL – Get Free Report) announced a quarterly dividend on Monday, May 11th. Investors of record on Friday, May 22nd will be given a dividend of 0.14 per share on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, May 22nd.

Caledonia Mining has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings.

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Caledonia Mining Stock Performance

Caledonia Mining stock traded up $0.16 during midday trading on Tuesday, reaching $24.44. The stock had a trading volume of 173,908 shares, compared to its average volume of 334,473. Caledonia Mining has a 12 month low of $13.40 and a 12 month high of $38.75. The firm’s 50-day moving average price is $24.70 and its 200 day moving average price is $27.02. The company has a quick ratio of 1.13, a current ratio of 1.57 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $471.96 million, a PE ratio of 8.54 and a beta of 0.61.

Caledonia Mining (NYSEAMERICAN:CMCL – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. Caledonia Mining had a return on equity of 23.61% and a net margin of 21.90%.The firm had revenue of $66.43 million during the quarter, compared to the consensus estimate of $79.20 million.

Caledonia Mining Company Profile

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Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.

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