Alamos Gold Inc. (NYSE:AGI) Plans Quarterly Dividend of $0.04

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.04 per share by the basic materials company on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, March 12th. This is a 60.0% increase from Alamos Gold’s previous quarterly dividend of $0.03.

Alamos Gold has increased its dividend by an average of 0.2%annually over the last three years. Alamos Gold has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Alamos Gold to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 8.6%.

Alamos Gold Stock Up 1.9%

AGI traded up $0.85 on Thursday, hitting $44.59. 381,944 shares of the company were exchanged, compared to its average volume of 4,168,841. The firm has a 50-day moving average price of $40.75 and a two-hundred day moving average price of $35.12. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Alamos Gold has a twelve month low of $22.03 and a twelve month high of $46.66. The company has a market cap of $18.72 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 0.41 and a beta of 0.61.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a return on equity of 12.36% and a net margin of 33.46%.The business had revenue of $575.30 million during the quarter, compared to the consensus estimate of $596.18 million. During the same period in the previous year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 53.1% on a year-over-year basis. On average, equities analysts predict that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.