Kenmare Resources plc (LON:KMR) Raises Dividend to $0.17 Per Share

Kenmare Resources plc (LON:KMR) announced a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Investors of record on Thursday, May 8th will be given a dividend of $0.17 per share on Friday, May 30th. This represents a yield of 3.1%. The ex-dividend date of this dividend is Thursday, May 8th. This is a 13.3% increase from Kenmare Resources’s previous dividend of $0.15. The official announcement can be accessed at this link.

Kenmare Resources Stock Performance

Kenmare Resources stock traded up GBX 3 ($0.04) during trading on Wednesday, hitting GBX 426.50 ($5.52). The stock had a trading volume of 165,512 shares, compared to its average volume of 176,644. The company has a quick ratio of 1.22, a current ratio of 5.63 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is GBX 332.74 and its two-hundred day moving average is GBX 334.58. Kenmare Resources has a 1 year low of GBX 270 ($3.50) and a 1 year high of GBX 450 ($5.83). The stock has a market cap of £471.49 million, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “hold” rating and set a GBX 350 ($4.53) price target on shares of Kenmare Resources in a research note on Thursday, March 6th.

Kenmare Resources Company Profile

Kenmare Resources plc is an Ireland-based mining company. The Company operates the Moma Titanium Minerals Mine, located on the northeast coast of Mozambique. The Moma Mine contains deposits of heavy minerals, which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon.