Dynacor Gold Mines Inc. to Issue Quarterly Dividend of $0.01 (DNG)

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Dynacor Gold Mines Inc. (TSE:DNG) declared a quarterly dividend on Tuesday, March 19th, TickerTech reports. Stockholders of record on Wednesday, April 3rd will be paid a dividend of 0.01 per share on Wednesday, April 3rd. This represents a $0.04 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, March 19th.

Shares of TSE DNG traded down C$0.01 during trading hours on Thursday, hitting C$1.77. 11,500 shares of the stock were exchanged, compared to its average volume of 28,521. The company has a current ratio of 4.35, a quick ratio of 3.17 and a debt-to-equity ratio of 1.53. The company has a market cap of $70.21 million and a P/E ratio of 14.16. Dynacor Gold Mines has a one year low of C$1.41 and a one year high of C$1.98.

In other news, Director Jean Martineau sold 14,300 shares of Dynacor Gold Mines stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$1.78, for a total transaction of C$25,454.00. Following the completion of the sale, the director now owns 946,246 shares in the company, valued at approximately C$1,684,317.88.

Separately, Fundamental Research restated a “buy” rating and issued a C$3.52 target price (down previously from C$3.75) on shares of Dynacor Gold Mines in a research note on Thursday, November 22nd.

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Dynacor Gold Mines Company Profile

Dynacor Gold Mines Inc, through its subsidiaries, engages in processing, exploration, and development of mineral properties in Peru. The company primarily explores for gold, silver, copper, and precious metals. Its flagship property is the Tumipampa property covering an area of 9,756 hectares located in the province of Abancay, Peru.

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