Dynacor Gold Mines Inc. (DNG) Plans $0.01 Quarterly Dividend

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

TSE:DNG traded down C$0.01 during mid-day trading on Thursday, hitting C$1.77. 11,500 shares of the company’s stock traded hands, 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. Dynacor Gold Mines has a 1 year low of C$1.41 and a 1 year high of C$1.98. The company has a market capitalization of $70.21 million and a P/E ratio of 14.16.

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

In other Dynacor Gold Mines news, Director Jean Martineau sold 14,300 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 946,246 shares in the company, valued at approximately C$1,684,317.88.

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About Dynacor Gold Mines

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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