Harmony Gold Mining Company Limited Announces Dividend of $0.46 (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) declared a dividend on Wednesday, September 16th. Shareholders of record on Friday, October 9th will be paid a dividend of 0.4611 per share by the mining company on Monday, October 19th. This represents a yield of 481.0%. The ex-dividend date of this dividend is Friday, October 9th.

Harmony Gold Mining has increased its dividend payment by an average of 0.4%annually over the last three years. Harmony Gold Mining has a payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Harmony Gold Mining to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 12.7%.

Harmony Gold Mining Price Performance

Shares of NYSE HMY opened at $19.19 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 0.03. Harmony Gold Mining has a 12-month low of $13.03 and a 12-month high of $26.06. The business’s fifty day simple moving average is $18.47 and its 200-day simple moving average is $17.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HMY. Sequoia Financial Advisors LLC boosted its stake in Harmony Gold Mining by 26.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,212 shares of the mining company’s stock worth $307,000 after purchasing an additional 4,172 shares during the period. IFP Advisors Inc raised its holdings in shares of Harmony Gold Mining by 100.2% in the second quarter. IFP Advisors Inc now owns 9,947 shares of the mining company’s stock valued at $151,000 after buying an additional 4,978 shares during the last quarter. Nykredit A S acquired a new stake in shares of Harmony Gold Mining during the second quarter worth about $613,000. Corient Private Wealth LP lifted its position in Harmony Gold Mining by 24.7% during the 2nd quarter. Corient Private Wealth LP now owns 23,684 shares of the mining company’s stock worth $360,000 after acquiring an additional 4,684 shares during the period. Finally, Oakmont Investment Advisors Inc. purchased a new position in shares of Harmony Gold Mining in the 2nd quarter valued at approximately $351,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African gold producer headquartered in Randfontein, South Africa. The company explores for, extracts, and processes gold from underground and surface operations, producing doré bars and gold concentrate for sale to refiners. Harmony is listed on the Johannesburg Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol HMY.

Harmony’s operations are primarily located in South Africa, where its assets include the Mponeng, Doornkop, Kusasalethu, and Tshepong operations, as well as surface retreatment and tailings-processing businesses.