Caledonia Mining Co. Plc Announces Quarterly Dividend of $0.14 (NYSEAMERICAN:CMCL)

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) declared a quarterly dividend on Tuesday, March 25th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.14 per share on Friday, April 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, April 4th.

Caledonia Mining has raised its dividend payment by an average of 1.9% annually over the last three years. Caledonia Mining has a payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings.

Caledonia Mining Trading Down 0.7 %

Shares of NYSEAMERICAN:CMCL traded down $0.08 during trading on Tuesday, reaching $11.25. The company’s stock had a trading volume of 58,900 shares, compared to its average volume of 70,531. The company’s 50 day moving average price is $10.11. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. Caledonia Mining has a 12 month low of $8.81 and a 12 month high of $16.95. The stock has a market cap of $216.23 million, a PE ratio of 23.44 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Separately, Maxim Group raised shares of Caledonia Mining to a “strong-buy” rating in a research note on Friday, January 3rd.

About Caledonia Mining

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.