Lundin Gold Inc. (TSE:LUG) Announces Quarterly Dividend of $1.09

Lundin Gold Inc. (TSE:LUG) announced a quarterly dividend on Thursday, September 10th. Shareholders of record on Friday, September 25th will be given a dividend of 1.0934 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 20.2% increase from Lundin Gold’s previous quarterly dividend of $0.91.

Lundin Gold Stock Performance

TSE:LUG opened at C$99.88 on Tuesday. The firm’s 50-day moving average is C$87.37 and its 200-day moving average is C$94.58. The company has a market cap of C$24.15 billion, a price-to-earnings ratio of 25.94 and a beta of 1.64. Lundin Gold has a 52-week low of C$71.51 and a 52-week high of C$130.98.

Lundin Gold (TSE:LUG) last released its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Lundin Gold had a net margin of 46.31% and a return on equity of 81.63%. The business had revenue of C$678.70 million during the quarter. Equities analysts predict that Lundin Gold will post 2.5603448 EPS for the current year.

Lundin Gold Company Profile

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.