AngloGold Ashanti PLC (NYSE:AU) Shareholders to Collect $0.12 Quarterly Dividend

AngloGold Ashanti PLC (NYSE:AU) declared a quarterly dividend on Thursday, November 5th. Investors of record on Friday, November 27th will be paid a dividend of $0.1250 per share by the mining company on Friday, December 11th. This represents a $0.50 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, November 27th. This is a 82.6% decrease from AngloGold Ashanti’s previous quarterly dividend of $0.72.

AngloGold Ashanti has raised its dividend payment by an average of 1.0% per year over the last three years. AngloGold Ashanti has a payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect AngloGold Ashanti to earn $8.01 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 6.2%.

AngloGold Ashanti Stock Up 0.7%

Shares of AU stock opened at $88.53 on Friday. AngloGold Ashanti has a one year low of $67.71 and a one year high of $129.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.71 and a quick ratio of 2.07. The stock has a fifty day moving average price of $96.22 and a 200 day moving average price of $96.59. The stock has a market cap of $44.70 billion, a P/E ratio of 11.87 and a beta of 0.72.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Thursday, November 5th. The mining company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.22). AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.89 billion. Analysts predict that AngloGold Ashanti will post 8.06 earnings per share for the current year.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc is a global gold mining company engaged in the exploration, development, and operation of gold mines. Its principal product is refined gold, and the company also produces related byproducts at certain operations. In addition to operating mines, AngloGold Ashanti maintains exploration and development projects intended to expand and sustain its production portfolio.

The company has a geographically diversified portfolio spanning Africa, Australia, and the Americas. Its operations and projects have included assets in Ghana, Tanzania, Guinea, Côte d’Ivoire, the Democratic Republic of the Congo, Australia, Brazil, and Argentina.