B2Gold Corp (NYSEAMERICAN:BTG) Shares to Pay Quarterly Dividend of $0.02

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.02 per share by the basic materials company on Tuesday, December 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 2nd.

B2Gold has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect B2Gold to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 9.5%.

B2Gold Stock Up 3.8%

B2Gold stock traded up $0.20 during midday trading on Thursday, hitting $5.31. 14,138,596 shares of the stock were exchanged, compared to its average volume of 29,358,850. B2Gold has a 1 year low of $3.57 and a 1 year high of $6.28. The firm has a market cap of $6.99 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.29 and a beta of 0.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.58. The company has a 50 day moving average price of $5.24 and a two-hundred day moving average price of $4.84.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $822.76 million. B2Gold had a net margin of 21.47% and a return on equity of 17.05%. On average, sell-side analysts predict that B2Gold will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BTG. Two Sigma Securities LLC lifted its holdings in shares of B2Gold by 341.9% during the second quarter. Two Sigma Securities LLC now owns 236,275 shares of the basic materials company’s stock valued at $884,000 after acquiring an additional 182,811 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in B2Gold by 6.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 288,790 shares of the basic materials company’s stock worth $1,080,000 after buying an additional 18,536 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in B2Gold in the second quarter valued at about $1,524,000. Public Employees Retirement System of Ohio acquired a new position in B2Gold in the second quarter valued at approximately $4,728,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of B2Gold in the 2nd quarter worth $731,000. Institutional investors own 61.40% of the company’s stock.

About B2Gold

B2Gold Corp. is a Canadian gold mining company engaged in the acquisition, development and operation of gold mines and exploration properties. The company’s activities include mineral exploration, mine development, ore processing and the production and sale of gold.

B2Gold’s principal producing assets have included the Fekola Complex in Mali and the Masbate Mine in the Philippines. The company has also operated the Otjikoto Mine in Namibia and has pursued additional growth through exploration and project development in several jurisdictions.

Founded in 2007 and headquartered in Vancouver, British Columbia, B2Gold expanded from an exploration-focused business into an international gold producer.