Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Plans Dividend Increase – $0.12 Per Share

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Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) announced a quarterly dividend on Wednesday, April 7th, Wall Street Journal reports. Stockholders of record on Friday, April 16th will be given a dividend of 0.12 per share on Friday, April 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Thursday, April 15th. This is an increase from Caledonia Mining’s previous quarterly dividend of $0.11.

Caledonia Mining has increased its dividend by 143.6% over the last three years and has increased its dividend every year for the last 1 years.

Shares of CMCL stock traded down $0.57 during trading hours on Wednesday, hitting $13.71. The stock had a trading volume of 102,180 shares, compared to its average volume of 104,306. The company has a market capitalization of $166.15 million, a price-to-earnings ratio of 8.10 and a beta of 0.84. Caledonia Mining has a twelve month low of $8.88 and a twelve month high of $29.39. The stock has a 50 day moving average price of $15.73.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its quarterly earnings results on Monday, March 22nd. The company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Caledonia Mining had a return on equity of 11.90% and a net margin of 21.17%.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily engages in the operation of a gold mine. The company also explores for and develops mineral properties for precious metals; and silver. It primarily holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. The company was formerly known as Caledonia Mining Corporation and changed its name to Caledonia Mining Corporation Plc in March 2016.

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Dividend History for Caledonia Mining (NYSEAMERICAN:CMCL)

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