Pan African Resources plc (LON:PAF) to Issue Dividend Increase – GBX 0.65 Per Share

Pan African Resources plc (LON:PAF) declared a dividend on Wednesday, September 16th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 3rd will be paid a dividend of GBX 0.65 ($0.01) per share on Tuesday, December 15th. This represents a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, December 3rd. This is a boost from Pan African Resources’s previous dividend of $0.12. The official announcement can be seen at this link.

Shares of PAF traded up GBX 0.90 ($0.01) during trading hours on Wednesday, reaching GBX 26 ($0.34). 2,573,629 shares of the company traded hands, compared to its average volume of 2,568,482. Pan African Resources has a fifty-two week low of GBX 8.32 ($0.11) and a fifty-two week high of GBX 28.15 ($0.37). The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 58.75. The stock has a market capitalization of $501.37 million and a PE ratio of 9.65. The stock has a fifty day simple moving average of GBX 24.37 and a 200 day simple moving average of GBX 17.23.

Separately, Peel Hunt reissued a “buy” rating on shares of Pan African Resources in a research note on Friday, July 10th.

Pan African Resources Company Profile

Pan African Resources PLC engages in the exploration of precious metals in South Africa. The company primarily explores for gold deposits. Its flagship property is the Barberton Mine that consists of Fairview, New Consort, and Sheba mines located in the Mpumalanga province. The company was incorporated in 2000 and is headquartered in Johannesburg, South Africa.

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Dividend History for Pan African Resources (LON:PAF)

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