AngloGold Ashanti PLC (AU) To Go Ex-Dividend on May 29th

AngloGold Ashanti PLC (NYSE:AU) declared a quarterly dividend on Friday, May 8th. Stockholders of record on Friday, May 29th will be paid a dividend of 1.16 per share by the mining company on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, May 29th. This is a 570.5% increase from AngloGold Ashanti’s previous quarterly dividend of $0.17.

AngloGold Ashanti has increased its dividend payment by an average of 1.0%per year over the last three years. AngloGold Ashanti has a payout ratio of 145.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect AngloGold Ashanti to earn $8.86 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 52.4%.

AngloGold Ashanti Stock Up 7.6%

Shares of NYSE:AU opened at $97.51 on Wednesday. The company has a fifty day moving average of $97.53 and a 200-day moving average of $96.33. The company has a market capitalization of $49.23 billion, a PE ratio of 14.30 and a beta of 0.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.87. AngloGold Ashanti has a 52-week low of $42.62 and a 52-week high of $129.14.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 37.17%. On average, equities analysts predict that AngloGold Ashanti will post 9.26 EPS for the current fiscal year.

Institutional Trading of AngloGold Ashanti

Large investors have recently bought and sold shares of the business. Ascentis Independent Advisors acquired a new stake in AngloGold Ashanti during the 1st quarter worth about $26,000. Zions Bancorporation National Association UT acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $34,000. Mcguire Capital Advisors Inc. acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $36,000. Finally, Global Retirement Partners LLC boosted its position in shares of AngloGold Ashanti by 454.1% during the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock worth $40,000 after purchasing an additional 386 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

About AngloGold Ashanti

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.