AngloGold Ashanti PLC (NYSE:AU) Announces $0.91 Quarterly Dividend

AngloGold Ashanti PLC (NYSE:AU) declared a quarterly dividend on Tuesday, November 11th. Investors of record on Friday, November 28th will be paid a dividend of 0.91 per share by the mining company on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, November 28th.

AngloGold Ashanti has increased its dividend payment by an average of 0.5%per year over the last three years. AngloGold Ashanti has a payout ratio of 100.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect AngloGold Ashanti to earn $4.14 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 77.3%.

AngloGold Ashanti Price Performance

NYSE AU traded up $5.04 on Tuesday, hitting $79.14. 4,355,913 shares of the company’s stock were exchanged, compared to its average volume of 3,165,578. The stock has a 50-day moving average of $68.40 and a 200-day moving average of $55.10. The stock has a market cap of $33.22 billion, a price-to-earnings ratio of 21.05 and a beta of 0.48. AngloGold Ashanti has a 52 week low of $22.45 and a 52 week high of $79.94. The company has a current ratio of 2.99, a quick ratio of 2.22 and a debt-to-equity ratio of 0.22.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Tuesday, November 11th. The mining company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.02). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.53 billion. Analysts expect that AngloGold Ashanti will post 3.83 earnings per share for the current year.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.