B2Gold Corp. (NYSE:BTG) Declares Quarterly Dividend of $0.02

B2Gold Corp. (NYSE:BTG) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Tuesday, December 2nd will be given a dividend of 0.02 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, December 2nd.

B2Gold has raised its dividend by an average of 0.5%annually over the last three years. B2Gold has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect B2Gold to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 20.0%.

B2Gold Stock Up 0.8%

BTG stock opened at $4.03 on Thursday. B2Gold has a twelve month low of $2.20 and a twelve month high of $5.94. The company has a market cap of $5.36 billion, a PE ratio of -8.40, a price-to-earnings-growth ratio of 0.33 and a beta of 0.45. The business’s 50-day simple moving average is $4.77 and its 200 day simple moving average is $3.93. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. The company’s quarterly revenue was up 74.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. On average, research analysts anticipate that B2Gold will post 0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its position in B2Gold by 875.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company’s stock worth $35,000 after purchasing an additional 8,750 shares during the last quarter. Independent Wealth Network Inc. bought a new position in B2Gold in the 1st quarter worth approximately $28,000. International Assets Investment Management LLC bought a new position in B2Gold in the 2nd quarter worth approximately $36,000. HM Payson & Co. bought a new position in B2Gold in the 3rd quarter worth approximately $50,000. Finally, Sagard Holdings Management Inc. bought a new position in B2Gold in the 2nd quarter worth approximately $39,000. Institutional investors own 61.40% of the company’s stock.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.