AngloGold Ashanti PLC (NYSE:AU – Get Free Report) announced a quarterly dividend on Friday, July 31st. Investors of record on Friday, August 21st will be paid a dividend of 0.72 per share by the mining company on Friday, September 4th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 21st.
AngloGold Ashanti has raised its dividend payment by an average of 1.0%annually over the last three years. AngloGold Ashanti has a payout ratio of 90.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect AngloGold Ashanti to earn $7.60 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 37.9%.
AngloGold Ashanti Trading Down 1.6%
NYSE AU opened at $98.00 on Wednesday. The firm has a market capitalization of $49.48 billion, a P/E ratio of 13.14 and a beta of 0.66. The business has a fifty day simple moving average of $84.77 and a 200 day simple moving average of $95.26. AngloGold Ashanti has a 12 month low of $52.05 and a 12 month high of $129.14. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of AngloGold Ashanti by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 23,001,047 shares of the mining company’s stock worth $1,979,174,000 after buying an additional 252,307 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in AngloGold Ashanti by 1.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,386,503 shares of the mining company’s stock valued at $620,874,000 after acquiring an additional 98,250 shares in the last quarter. State Street Corp increased its holdings in AngloGold Ashanti by 0.5% during the 4th quarter. State Street Corp now owns 5,731,937 shares of the mining company’s stock worth $488,820,000 after acquiring an additional 26,421 shares during the period. Deutsche Bank AG increased its holdings in AngloGold Ashanti by 3.9% during the 4th quarter. Deutsche Bank AG now owns 5,121,189 shares of the mining company’s stock worth $436,735,000 after acquiring an additional 191,859 shares during the period. Finally, Norges Bank purchased a new stake in AngloGold Ashanti in the 4th quarter worth approximately $426,477,000. 36.09% of the stock is owned by institutional investors.
AngloGold Ashanti Company Profile
AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.
The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.
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