Sibanye Gold Limited (SBSW) to Issue Dividend of $0.50 on October 6th

Sibanye Gold Limited (NYSE:SBSW) announced a dividend on Tuesday, September 1st. Stockholders of record on Friday, September 18th will be paid a dividend of 0.4985 per share on Tuesday, October 6th. This represents a dividend yield of 795.0%. The ex-dividend date of this dividend is Friday, September 18th.

Sibanye Gold has decreased its dividend by an average of 1.0%annually over the last three years. Sibanye Gold has a dividend payout ratio of 95.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Sibanye Gold Trading Down 0.6%

SBSW stock opened at $11.84 on Wednesday. Sibanye Gold has a one year low of $7.87 and a one year high of $21.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 2.72. The firm’s fifty day moving average is $10.47 and its 200 day moving average is $11.42.

Insider Activity

In other news, Director Richard Menell acquired 15,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the transaction, the director owned 25,125 shares in the company, valued at $55,023.75. This represents a 148.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sibanye Gold

Large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sibanye Gold by 21.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company’s stock valued at $109,687,000 after purchasing an additional 1,587,183 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its position in shares of Sibanye Gold by 20.6% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock valued at $52,607,000 after purchasing an additional 730,389 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Sibanye Gold by 31.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,762,347 shares of the company’s stock worth $33,977,000 after buying an additional 655,929 shares in the last quarter. BNP Paribas Financial Markets increased its position in Sibanye Gold by 28.7% during the 4th quarter. BNP Paribas Financial Markets now owns 2,255,549 shares of the company’s stock worth $32,142,000 after purchasing an additional 503,180 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Sibanye Gold in the first quarter valued at approximately $22,507,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

About Sibanye Gold

Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields’ South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.

The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.