Lundin Gold Inc. (TSE:LUG) Raises Dividend to $1.16 Per Share

Lundin Gold Inc. (TSE:LUG) announced a quarterly dividend on Wednesday, March 11th, TickerTech Dividends reports. Investors of record on Thursday, March 26th will be paid a dividend of 1.1642 per share on Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 11th. This is a 64.9% increase from Lundin Gold’s previous quarterly dividend of $0.71.

Lundin Gold Stock Up 2.0%

Shares of LUG stock opened at C$114.62 on Monday. Lundin Gold has a twelve month low of C$39.34 and a twelve month high of C$130.98. The stock’s fifty day simple moving average is C$114.37 and its 200 day simple moving average is C$105.21. The firm has a market capitalization of C$27.71 billion, a P/E ratio of 35.05 and a beta of 1.30.

Lundin Gold (TSE:LUG) last posted its earnings results on Friday, February 20th. The company reported C$1.33 EPS for the quarter. Lundin Gold had a return on equity of 60.01% and a net margin of 44.42%.The firm had revenue of C$697.82 million during the quarter. As a group, equities research analysts expect that Lundin Gold will post 2.5603448 EPS for the current fiscal 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.