Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Shares Set to Pay Quarterly Dividend of $0.14

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) announced a quarterly dividend on Thursday, November 12th. Shareholders of record on Friday, November 27th will be given a dividend of $0.14 per share on Friday, December 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 27th.

Caledonia Mining has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings.

Caledonia Mining Stock Performance

Caledonia Mining stock traded up $0.81 during midday trading on Friday, hitting $20.97. 157,909 shares of the company’s stock were exchanged, compared to its average volume of 265,005. The stock has a market cap of $404.93 million, a price-to-earnings ratio of 6.01 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.03 and a current ratio of 5.73. Caledonia Mining has a 12-month low of $15.85 and a 12-month high of $34.00. The firm’s 50 day simple moving average is $23.23 and its 200 day simple moving average is $23.47.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its earnings results on Thursday, November 12th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.28). Caledonia Mining had a net margin of 23.87% and a return on equity of 23.29%. The firm had revenue of $78.93 million during the quarter, compared to analyst estimates of $78.50 million. During the same period last year, the company posted $0.77 EPS.

Caledonia Mining Company Profile

Caledonia Mining Corporation Plc is a gold producer focused on Zimbabwe. Its principal operating asset is the Blanket Mine, an underground gold mine near Gwanda in the country’s Matabeleland South province. The company produces gold for sale to refiners and other customers. Caledonia acquired an interest in Blanket in 2006 and later increased its ownership to 100%. It also owns the Bilboes gold project in Zimbabwe, which it acquired in 2022, and pursues development and exploration activities there.