Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) to Issue Quarterly Dividend of $0.14

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) announced a quarterly dividend on Thursday, November 12th. Investors of record on Friday, November 27th will be paid a dividend of $0.14 per share on Friday, December 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, November 27th.

Caledonia Mining has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings.

Caledonia Mining Trading Up 4.0%

Shares of NYSEAMERICAN CMCL traded up $0.81 during trading hours on Friday, reaching $20.97. The stock had a trading volume of 157,909 shares, compared to its average volume of 265,005. Caledonia Mining has a 52-week low of $15.85 and a 52-week high of $34.00. The firm has a market cap of $404.93 million, a price-to-earnings ratio of 6.01 and a beta of 0.79. The business’s fifty day moving average price is $23.23 and its two-hundred day moving average price is $23.47. The company has a current ratio of 5.73, a quick ratio of 5.03 and a debt-to-equity ratio of 0.34.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.28). Caledonia Mining had a return on equity of 23.29% and a net margin of 23.87%. The company had revenue of $78.93 million for the quarter, compared to analyst estimates of $78.50 million. During the same period in the prior year, the business posted $0.77 earnings per share.

About Caledonia Mining

Caledonia Mining Corporation Plc is a gold producer focused on Zimbabwe. Its principal operating asset is the Blanket Mine, an underground gold mine near Gwanda in the country’s Matabeleland South province. The company produces gold for sale to refiners and other customers. Caledonia acquired an interest in Blanket in 2006 and later increased its ownership to 100%. It also owns the Bilboes gold project in Zimbabwe, which it acquired in 2022, and pursues development and exploration activities there.