AngloGold Ashanti PLC (NYSE:AU) Shares to Pay Quarterly Dividend of $0.12

AngloGold Ashanti PLC (NYSE:AU) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.1250 per share by the mining company on Friday, December 11th. This represents a $0.50 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, November 27th. This is a 82.6% decrease from AngloGold Ashanti’s previous quarterly dividend of $0.72.

AngloGold Ashanti has raised its dividend by an average of 1.0% annually over the last three years. AngloGold Ashanti has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Analysts expect AngloGold Ashanti to earn $8.01 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 6.2%.

AngloGold Ashanti Price Performance

AU opened at $88.53 on Friday. The company has a fifty day moving average price of $96.22 and a two-hundred day moving average price of $96.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.71. AngloGold Ashanti has a 52 week low of $67.71 and a 52 week high of $129.14. The firm has a market capitalization of $44.70 billion, a PE ratio of 11.87 and a beta of 0.72.

AngloGold Ashanti (NYSE:AU) last issued its earnings results on Thursday, November 5th. The mining company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.22). The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.89 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. As a group, analysts anticipate that AngloGold Ashanti will post 8.06 earnings per share for the current year.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc is a global gold mining company engaged in the exploration, development, and operation of gold mines. Its principal product is refined gold, and the company also produces related byproducts at certain operations. In addition to operating mines, AngloGold Ashanti maintains exploration and development projects intended to expand and sustain its production portfolio.

The company has a geographically diversified portfolio spanning Africa, Australia, and the Americas. Its operations and projects have included assets in Ghana, Tanzania, Guinea, Côte d’Ivoire, the Democratic Republic of the Congo, Australia, Brazil, and Argentina.