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

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) announced a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.14 per share on Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Friday, November 22nd.

Caledonia Mining has raised its dividend by an average of 18.7% per year over the last three years. Caledonia Mining has a dividend payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings.

Caledonia Mining Stock Performance

CMCL traded down $1.10 during trading on Tuesday, hitting $12.32. 132,010 shares of the company’s stock were exchanged, compared to its average volume of 67,253. The company has a market cap of $158.07 million, a price-to-earnings ratio of 26.31 and a beta of 0.72. The company has a current ratio of 1.52, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04. Caledonia Mining has a fifty-two week low of $8.91 and a fifty-two week high of $16.95.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $50.11 million during the quarter. Caledonia Mining had a return on equity of 8.30% and a net margin of 7.07%.

About Caledonia Mining

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.