DRDGOLD Limited Declares Quarterly Dividend of $0.04 (DRD)
DRDGOLD Limited (NYSE:DRD) announced a quarterly dividend on Friday, September 8th, Wall Street Journal reports. Investors of record on Friday, September 29th will be paid a dividend of 0.0389 per share by the basic materials company on Thursday, October 12th. This represents a $0.16 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, September 28th.
DRDGOLD Limited has raised its dividend payment by an average of 12.8% annually over the last three years and has increased its dividend every year for the last 4 years.
Shares of DRDGOLD Limited (NYSE DRD) traded down 0.50% during midday trading on Friday, hitting $3.96. The company had a trading volume of 230,427 shares. The company’s 50-day moving average price is $3.26 and its 200 day moving average price is $3.88. DRDGOLD Limited has a 12-month low of $2.84 and a 12-month high of $6.67. The company has a market capitalization of $167.14 million, a price-to-earnings ratio of 47.71 and a beta of -1.95.
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Separately, HSBC Holdings plc raised shares of DRDGOLD Limited from a “reduce” rating to a “hold” rating in a report on Monday, May 15th.
About DRDGOLD Limited
DRDGOLD Limited is a gold mining company. The Company is engaged in gold production by tailings retreatment. The Company is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Company owns approximately 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO).
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