Caledonia Mining Corporation PLC (CMCL) To Go Ex-Dividend on May 22nd

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCLGet Free Report) announced a quarterly dividend on Monday, May 11th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.14 per share on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 22nd.

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

Caledonia Mining Price Performance

Shares of NYSEAMERICAN CMCL opened at $23.12 on Wednesday. The stock has a market capitalization of $446.45 million, a price-to-earnings ratio of 7.25 and a beta of 0.61. Caledonia Mining has a 12 month low of $16.36 and a 12 month high of $38.75. The firm’s 50 day simple moving average is $24.05 and its 200-day simple moving average is $26.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.66 and a quick ratio of 4.08.

Caledonia Mining (NYSEAMERICAN:CMCLGet Free Report) last released 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 net margin of 23.59% and a return on equity of 23.90%. The firm had revenue of $66.43 million for the quarter, compared to analysts’ expectations of $79.20 million.

Caledonia Mining Company Profile

(Get Free Report)

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.

See Also

Dividend History for Caledonia Mining (NYSEAMERICAN:CMCL)

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