B2Gold Corp. (NYSE:BTG) to Issue Quarterly Dividend of $0.02

B2Gold Corp. (NYSE:BTG - Get Free Report) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.02 per share on Thursday, March 20th. This represents a $0.08 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, March 7th.

B2Gold has a dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect B2Gold to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 40.0%.

B2Gold Stock Up 5.6 %

Shares of BTG stock traded up $0.15 during trading hours on Thursday, reaching $2.81. 60,918,532 shares of the company's stock were exchanged, compared to its average volume of 28,778,617. The stock's fifty day moving average price is $2.50 and its two-hundred day moving average price is $2.81. The stock has a market cap of $3.70 billion, a PE ratio of -5.02, a PEG ratio of 0.30 and a beta of 1.10. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold has a 1 year low of $2.20 and a 1 year high of $3.50.

Wall Street Analysts Forecast Growth

BTG has been the subject of a number of research analyst reports. CIBC decreased their price target on shares of B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a report on Wednesday, January 15th. StockNews.com cut B2Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. TD Securities downgraded B2Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Bank of America downgraded B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $4.02.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.