Caledonia Mining Corporation PLC Announces Quarterly Dividend of $0.14 (NYSEAMERICAN:CMCL)

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) announced a quarterly dividend on Monday, May 11th. Investors of record on Friday, May 22nd will be paid a dividend of 0.14 per share on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, May 22nd.

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

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN:CMCL traded up $0.07 during midday trading on Tuesday, hitting $24.35. The company’s stock had a trading volume of 188,074 shares, compared to its average volume of 334,501. Caledonia Mining has a fifty-two week low of $13.40 and a fifty-two week high of $38.75. The stock has a market capitalization of $470.20 million, a price-to-earnings ratio of 8.59 and a beta of 0.61. The stock’s 50 day simple moving average is $24.70 and its 200 day simple moving average is $27.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.13 and a current ratio of 1.57.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its earnings results on Monday, May 11th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.67 by $0.13. Caledonia Mining had a return on equity of 23.61% and a net margin of 21.90%.The business had revenue of $66.43 million for the quarter, compared to the consensus estimate of $79.20 million.

Hedge Funds Weigh In On Caledonia Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in shares of Caledonia Mining in the 3rd quarter valued at about $27,000. Smartleaf Asset Management LLC increased its holdings in shares of Caledonia Mining by 65.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $38,000 after purchasing an additional 411 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Caledonia Mining by 296.9% during the first quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock worth $26,000 after purchasing an additional 861 shares during the period. Quarry LP acquired a new stake in shares of Caledonia Mining during the 3rd quarter worth approximately $50,000. Finally, Virtus Advisers LLC acquired a new stake in shares of Caledonia Mining during the 4th quarter worth approximately $42,000. 31.78% of the stock is owned by institutional investors and hedge funds.

About Caledonia Mining

Caledonia Mining Corporation PLC is a UK?domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon?in?leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.