Kenmare Resources plc (LON:KMR) Declares Dividend of $0.17

Kenmare Resources plc (LON:KMR - Get Free Report) declared a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.17 per share on Friday, May 30th. This represents a yield of 3.1%. The ex-dividend date is Thursday, May 8th. This is a 13.3% increase from Kenmare Resources's previous dividend of $0.15. The official announcement can be viewed at this link.

Kenmare Resources Stock Down 3.4 %

Shares of LON:KMR traded down GBX 14 ($0.18) during trading hours on Friday, hitting GBX 401 ($5.19). The company's stock had a trading volume of 253,844 shares, compared to its average volume of 177,184. The firm's fifty day moving average price is GBX 339.03 and its 200 day moving average price is GBX 336.37. Kenmare Resources has a 52 week low of GBX 270 ($3.49) and a 52 week high of GBX 450 ($5.82). The company has a market capitalization of £443.30 million, a price-to-earnings ratio of 5.65, a P/E/G ratio of 0.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 580 ($7.51) price objective on shares of Kenmare Resources in a research note on Wednesday.

About Kenmare Resources

Kenmare Resources plc is an Ireland-based mining company. The Company operates the Moma Titanium Minerals Mine, located on the northeast coast of Mozambique. The Moma Mine contains deposits of heavy minerals, which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon.