Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) announced a semi-annual dividend on Friday, March 7th, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.1245 per share by the mining company on Monday, April 21st. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, April 11th. This is a 196.3% increase from Harmony Gold Mining's previous semi-annual dividend of $0.04.
Harmony Gold Mining has increased its dividend by an average of 11.3% annually over the last three years. Harmony Gold Mining has a dividend payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Harmony Gold Mining to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 7.4%.
Harmony Gold Mining Stock Down 1.2 %
HMY stock traded down $0.15 during trading on Friday, reaching $12.07. The stock had a trading volume of 3,057,365 shares, compared to its average volume of 5,122,125. Harmony Gold Mining has a one year low of $7.21 and a one year high of $12.56. The company's 50 day moving average is $10.71 and its two-hundred day moving average is $10.05. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 0.63 and a beta of 1.85.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.
Check Out Our Latest Stock Report on Harmony Gold Mining
About Harmony Gold Mining
(
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Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.
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