AngloGold Ashanti PLC (NYSE:AU) Raises Dividend to $1.16 Per Share

AngloGold Ashanti PLC (NYSE:AU) announced a quarterly dividend on Friday, May 8th. Stockholders of record on Friday, May 29th will be paid a dividend of 1.16 per share by the mining company on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, May 29th. This is a 570.5% increase from AngloGold Ashanti’s previous quarterly dividend of $0.17.

AngloGold Ashanti has raised its dividend by an average of 1.0%annually over the last three years. AngloGold Ashanti has a payout ratio of 216.3% indicating that 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 AngloGold Ashanti to earn $8.76 per share next year, which means the company should continue to be able to cover its $6.92 annual dividend with an expected future payout ratio of 79.0%.

AngloGold Ashanti Trading Up 6.9%

Shares of NYSE AU opened at $107.14 on Friday. AngloGold Ashanti has a 12 month low of $38.61 and a 12 month high of $129.14. The company has a market cap of $54.09 billion, a price-to-earnings ratio of 20.64 and a beta of 0.60. The company has a quick ratio of 2.20, a current ratio of 2.87 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $101.71 and a 200-day simple moving average of $93.62.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a return on equity of 29.11% and a net margin of 26.65%.The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. Sell-side analysts predict that AngloGold Ashanti will post 8.79 EPS for the current year.

About AngloGold Ashanti

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by?products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.