Caledonia Mining Co. Plc (CMCL) To Go Ex-Dividend on November 22nd

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) announced a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Investors of record on Friday, November 22nd will be given a dividend of 0.14 per share on Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, November 22nd.

Caledonia Mining has increased its dividend by an average of 18.7% annually over the last three years. Caledonia Mining has a payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings.

Caledonia Mining Stock Down 8.9 %

CMCL opened at $12.22 on Wednesday. The firm has a market capitalization of $156.78 million, a P/E ratio of 12.66 and a beta of 0.72. Caledonia Mining has a 12 month low of $8.91 and a 12 month high of $16.95. The company has a current ratio of 1.52, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.51 EPS for the quarter. Caledonia Mining had a net margin of 5.55% and a return on equity of 7.87%. The business had revenue of $50.11 million for the quarter.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.