Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL – Get Free Report) announced a quarterly dividend on Monday, August 10th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.14 per share on Friday, September 4th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 21st.
Caledonia Mining has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings.
Caledonia Mining Stock Performance
CMCL stock opened at $23.07 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.03 and a current ratio of 5.73. The stock has a market capitalization of $445.48 million, a price-to-earnings ratio of 6.61 and a beta of 0.67. Caledonia Mining has a 1 year low of $15.85 and a 1 year high of $38.75. The stock’s fifty day moving average is $19.70 and its two-hundred day moving average is $23.32.
Caledonia Mining Company Profile
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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