Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Plans Quarterly Dividend of $0.14

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Get Free Report) announced a quarterly dividend on Monday, March 24th, Wall Street Journal reports. Investors of record on Friday, April 4th will be given a dividend of 0.14 per share on Thursday, April 17th. This represents a $0.56 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Friday, April 4th.

Caledonia Mining has raised its dividend payment by an average of 1.9% per year over the last three years. Caledonia Mining has a dividend payout ratio of 40.3% meaning its dividend is sufficiently covered by earnings.

Caledonia Mining Price Performance

Shares of CMCL stock traded down $0.23 on Friday, hitting $11.61. The stock had a trading volume of 39,173 shares, compared to its average volume of 71,994. The firm has a 50 day moving average of $10.29. Caledonia Mining has a 1 year low of $8.81 and a 1 year high of $16.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.44 and a quick ratio of 0.89. The firm has a market capitalization of $223.14 million, a price-to-earnings ratio of 24.19 and a beta of 0.68.

Wall Street Analyst Weigh In

Separately, Maxim Group upgraded shares of Caledonia Mining to a "strong-buy" rating in a research note on Friday, January 3rd.

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Caledonia Mining Company Profile

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.