Harmony Gold Mining Company Limited (NYSE:HMY) to Issue $0.46 Dividend

Harmony Gold Mining Company Limited (NYSE:HMY) announced a dividend on Wednesday, September 16th. Stockholders of record on Friday, October 9th will be given a dividend of 0.4611 per share by the mining company on Monday, October 19th. This represents a dividend yield of 481.0%. The ex-dividend date is Friday, October 9th.

Harmony Gold Mining has raised its dividend payment by an average of 0.4%annually over the last three years. Harmony Gold Mining has a payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Harmony Gold Mining to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 12.7%.

Harmony Gold Mining Stock Down 1.8%

NYSE:HMY opened at $19.19 on Thursday. Harmony Gold Mining has a 52 week low of $13.03 and a 52 week high of $26.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.64 and a current ratio of 0.84. The stock’s 50-day moving average price is $18.47 and its 200-day moving average price is $17.25.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African gold producer headquartered in Randfontein, South Africa. The company explores for, extracts, and processes gold from underground and surface operations, producing doré bars and gold concentrate for sale to refiners. Harmony is listed on the Johannesburg Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol HMY.

Harmony’s operations are primarily located in South Africa, where its assets include the Mponeng, Doornkop, Kusasalethu, and Tshepong operations, as well as surface retreatment and tailings-processing businesses.