DRDGOLD Limited (NYSE:DRD - Get Free Report) declared a semi-annual dividend on Tuesday, August 27th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.1126 per share by the basic materials company on Thursday, September 26th. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from DRDGOLD's previous semi-annual dividend of $0.11.
DRDGOLD has decreased its dividend by an average of 3.7% annually over the last three years. DRDGOLD has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect DRDGOLD to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 20.8%.
DRDGOLD Trading Down 0.2 %
NYSE DRD traded down $0.02 during trading on Tuesday, reaching $8.48. 211,978 shares of the company's stock were exchanged, compared to its average volume of 307,892. DRDGOLD has a fifty-two week low of $6.48 and a fifty-two week high of $10.82. The company's fifty day simple moving average is $9.31 and its 200-day simple moving average is $8.52. The firm has a market capitalization of $733.17 million, a PE ratio of 8.15 and a beta of 1.06.
Wall Street Analyst Weigh In
DRD has been the subject of several research reports. StockNews.com cut shares of DRDGOLD from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. HC Wainwright decreased their target price on shares of DRDGOLD from $15.50 to $13.25 and set a "buy" rating for the company in a research note on Thursday, August 22nd.
Get Our Latest Stock Analysis on DRDGOLD
About DRDGOLD
(
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DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.
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