Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Stock to Pay Quarterly Dividend of $0.14

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) declared a quarterly dividend on Thursday, November 12th. Investors of record on Friday, November 27th will be paid a dividend of $0.14 per share on Friday, December 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 27th.

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

Caledonia Mining Stock Up 4.0%

CMCL stock traded up $0.81 during midday trading on Friday, reaching $20.97. 157,909 shares of the company’s stock traded hands, compared to its average volume of 265,005. The company has a quick ratio of 5.03, a current ratio of 5.73 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $23.23 and its 200-day moving average price is $23.47. Caledonia Mining has a 52 week low of $15.85 and a 52 week high of $34.00. The company has a market cap of $404.93 million, a price-to-earnings ratio of 6.01 and a beta of 0.79.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its quarterly earnings data on Thursday, November 12th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.28). The business had revenue of $78.93 million during the quarter, compared to the consensus estimate of $78.50 million. Caledonia Mining had a net margin of 23.87% and a return on equity of 23.29%. During the same period last year, the business posted $0.77 earnings per share.

Caledonia Mining Company Profile

Caledonia Mining Corporation Plc is a gold producer focused on Zimbabwe. Its principal operating asset is the Blanket Mine, an underground gold mine near Gwanda in the country’s Matabeleland South province. The company produces gold for sale to refiners and other customers. Caledonia acquired an interest in Blanket in 2006 and later increased its ownership to 100%. It also owns the Bilboes gold project in Zimbabwe, which it acquired in 2022, and pursues development and exploration activities there.