Eldorado Gold Corporation Announces Quarterly Dividend of $0.08 (NYSE:EGO)

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 27th will be given a dividend of 0.075 per share by the basic materials company on Friday, March 13th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th.

Eldorado Gold has a payout ratio of -3,861.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Eldorado Gold to earn $2.00 per share next year, which means the company may not be able to cover its ($100.00) annual dividend with an expected future payout ratio of -5,000.0%.

Eldorado Gold Trading Up 0.8%

NYSE:EGO traded up $0.36 during trading hours on Thursday, hitting $45.21. 2,888,418 shares of the stock were exchanged, compared to its average volume of 1,751,773. The company has a market capitalization of $8.98 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 0.22 and a beta of 0.54. The company has a quick ratio of 2.28, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $34.46 and its two-hundred day moving average is $28.28. Eldorado Gold has a twelve month low of $13.29 and a twelve month high of $46.44.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, October 30th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.08). Eldorado Gold had a net margin of 22.15% and a return on equity of 8.89%. The firm had revenue of $436.44 million during the quarter, compared to analyst estimates of $422.25 million. On average, sell-side analysts anticipate that Eldorado Gold will post 1.5 earnings per share for the current fiscal year.

About Eldorado Gold

Eldorado Gold Corporation is a Canada?based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced?stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.