Sibanye Gold Limited (NYSE:SBSW) Announces Dividend of $0.50

Sibanye Gold Limited (NYSE:SBSW) announced a dividend on Tuesday, September 1st. Investors of record on Friday, September 18th will be paid a dividend of 0.4985 per share on Tuesday, October 6th. This represents a yield of 795.0%. The ex-dividend date of this dividend is Friday, September 18th.

Sibanye Gold has decreased its dividend by an average of 1.0%per year over the last three years. Sibanye Gold has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings.

Sibanye Gold Price Performance

NYSE:SBSW traded up $0.81 during trading hours on Wednesday, hitting $12.47. 4,770,431 shares of the company were exchanged, compared to its average volume of 6,065,467. Sibanye Gold has a 52-week low of $7.87 and a 52-week high of $21.29. The company’s 50 day moving average price is $9.69 and its 200-day moving average price is $11.68. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Insider Transactions at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of $2.19 per share, with a total value of $32,850.00. Following the completion of the acquisition, the director directly owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. The trade was a 148.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Sibanye Gold

Several hedge funds have recently modified their holdings of the stock. Goehring & Rozencwajg Associates LLC increased its holdings in Sibanye Gold by 20.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock worth $52,607,000 after purchasing an additional 730,389 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Sibanye Gold during the second quarter worth approximately $9,126,000. Sei Investments Co. grew its position in shares of Sibanye Gold by 67.5% during the first quarter. Sei Investments Co. now owns 868,470 shares of the company’s stock worth $10,700,000 after buying an additional 350,122 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Sibanye Gold in the first quarter worth $3,528,000. Finally, Erste Asset Management GmbH acquired a new stake in Sibanye Gold in the fourth quarter valued at $1,414,000. 34.93% of the stock is owned by institutional investors and hedge funds.

About Sibanye Gold

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum?group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.