Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Announces Dividend Increase – $0.09 Per Share

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) announced a quarterly dividend on Tuesday, June 30th, Wall Street Journal reports. Shareholders of record on Friday, July 17th will be given a dividend of 0.085 per share on Friday, July 31st. This represents a $0.34 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, July 16th. This is a boost from Caledonia Mining’s previous quarterly dividend of $0.08.

NYSEAMERICAN CMCL traded up $0.08 on Tuesday, hitting $14.94. 163,400 shares of the stock were exchanged, compared to its average volume of 66,962. Caledonia Mining has a 52 week low of $5.22 and a 52 week high of $20.00.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.23. The company had revenue of $23.60 million during the quarter.

Caledonia Mining Company Profile

Caledonia Mining Corp. Plc engages in the mining, exploration, and development of mines. It operates through the following geographic segments: Zimbabwe, and South Africa. The Zimbabwe segment comprises Caledonia Holdings Zimbabwe Limited and subsidiaries. The South Africa segment comprise a gold mine, that is on care and maintenance, as well as sales made by Caledonia Mining South Africa Proprietary Limited to the Blanket Mine.

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