Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) to Issue $0.14 Quarterly Dividend

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) announced a quarterly dividend on Monday, November 10th. Stockholders of record on Friday, November 21st will be given a dividend of 0.14 per share on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, November 21st.

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

Caledonia Mining Price Performance

Shares of NYSEAMERICAN CMCL opened at $28.71 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 1.65. The firm’s 50-day simple moving average is $32.43 and its 200 day simple moving average is $24.05. The stock has a market cap of $551.81 million, a price-to-earnings ratio of 14.88 and a beta of 0.36. Caledonia Mining has a fifty-two week low of $8.81 and a fifty-two week high of $38.75.

Caledonia Mining Company Profile

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.