Lundin Gold Inc. (LUG) to Distribute Quarterly Dividend of $1.09 on September 25th

Lundin Gold Inc. (TSE:LUG) declared a quarterly dividend on Thursday, September 10th. Investors of record on Friday, September 25th will be paid a dividend of 1.0934 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, September 10th. This is a 20.2% increase from Lundin Gold’s previous quarterly dividend of $0.91.

Lundin Gold Stock Performance

Lundin Gold stock opened at C$99.88 on Tuesday. Lundin Gold has a fifty-two week low of C$71.51 and a fifty-two week high of C$130.98. The stock’s 50 day simple moving average is C$87.37 and its two-hundred day simple moving average is C$94.58. The stock has a market cap of C$24.15 billion, a price-to-earnings ratio of 25.94 and a beta of 1.64.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The company had revenue of C$678.70 million for the quarter. Lundin Gold had a return on equity of 81.63% and a net margin of 46.31%. On average, analysts predict that Lundin Gold will post 2.5603448 earnings per share for the current year.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.