AngloGold Ashanti PLC (NYSE:AU) Plans Quarterly Dividend of $0.72

AngloGold Ashanti PLC (NYSE:AU) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, August 21st will be paid a dividend of 0.72 per share by the mining company on Friday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 21st.

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 145.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect AngloGold Ashanti to earn $7.62 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 60.9%.

AngloGold Ashanti Price Performance

Shares of AU traded down $3.16 during trading hours on Friday, hitting $79.17. 7,344,615 shares of the stock were exchanged, compared to its average volume of 2,992,036. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. AngloGold Ashanti has a 12-month low of $45.36 and a 12-month high of $129.14. The company has a market cap of $39.97 billion, a price-to-earnings ratio of 11.61 and a beta of 0.65. The stock’s 50-day moving average price is $84.53 and its two-hundred day moving average price is $96.27.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.05). The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.20 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. Research analysts expect that AngloGold Ashanti will post 8.23 earnings per share for the current year.

About AngloGold Ashanti

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.