B2Gold Corp (NYSEAMERICAN:BTG) Shareholders to Receive $0.02 Quarterly Dividend

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $0.02 per share by the basic materials company on Tuesday, December 15th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 2nd.

B2Gold has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect B2Gold to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 9.5%.

B2Gold Stock Up 3.8%

NYSEAMERICAN:BTG traded up $0.20 on Thursday, hitting $5.31. 14,138,596 shares of the company’s stock were exchanged, compared to its average volume of 29,358,850. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.58. The firm has a 50-day moving average price of $5.24 and a 200-day moving average price of $4.84. The company has a market cap of $6.99 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 0.29 and a beta of 0.64. B2Gold has a 52 week low of $3.57 and a 52 week high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. B2Gold had a return on equity of 17.05% and a net margin of 21.47%. The firm had revenue of $836.00 million for the quarter, compared to analyst estimates of $822.76 million. As a group, analysts expect that B2Gold will post 0.52 EPS for the current fiscal year.

About B2Gold

B2Gold Corp. is a Canadian gold mining company engaged in the acquisition, development and operation of gold mines and exploration properties. The company’s activities include mineral exploration, mine development, ore processing and the production and sale of gold.

B2Gold’s principal producing assets have included the Fekola Complex in Mali and the Masbate Mine in the Philippines. The company has also operated the Otjikoto Mine in Namibia and has pursued additional growth through exploration and project development in several jurisdictions.

Founded in 2007 and headquartered in Vancouver, British Columbia, B2Gold expanded from an exploration-focused business into an international gold producer.