Kinross Gold Corporation (KGC) to Issue Quarterly Dividend of $0.04 on June 4th

Kinross Gold Corporation (NYSE:KGC) (TSE:K) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.04 per share by the mining company on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, May 21st.

Kinross Gold has raised its dividend by an average of 0.0%annually over the last three years. Kinross Gold has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kinross Gold to earn $2.83 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 5.7%.

Kinross Gold Stock Up 1.5%

Shares of KGC stock opened at $30.31 on Friday. Kinross Gold has a one year low of $13.28 and a one year high of $39.11. The company’s fifty day moving average price is $32.10 and its 200-day moving average price is $30.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.35 and a quick ratio of 1.37. The company has a market capitalization of $36.20 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.42 and a beta of 0.82.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings data on Wednesday, April 29th. The mining company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. Kinross Gold had a net margin of 35.99% and a return on equity of 33.53%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue was up 60.8% on a year-over-year basis. Sell-side analysts expect that Kinross Gold will post 2.77 EPS for the current fiscal year.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.