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

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) declared a quarterly dividend on Monday, March 23rd. Stockholders of record on Thursday, April 2nd will be given a dividend of 0.14 per share on Friday, April 17th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, April 2nd.

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

Caledonia Mining Trading Up 3.9%

NYSEAMERICAN CMCL traded up $0.83 during trading hours on Monday, reaching $22.27. The company’s stock had a trading volume of 306,131 shares, compared to its average volume of 442,448. The firm has a fifty day simple moving average of $28.65 and a 200-day simple moving average of $29.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.78 and a quick ratio of 1.20. Caledonia Mining has a 52 week low of $10.65 and a 52 week high of $38.75. The stock has a market cap of $428.03 million, a P/E ratio of 8.63 and a beta of 0.48.

Caledonia Mining Company Profile

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.