AngloGold Ashanti PLC (NYSE:AU) to Issue Semi-annual Dividend of $0.80

Key Points

• AngloGold Ashanti PLC announced a semi-annual dividend increase of $0.80 per share, marking a 15.9% rise from its previous dividend of $0.69.
• The company's dividend yield stands at 610.0% with a payout ratio of 13.8%, indicating that earnings sufficiently cover the dividend.
• Shares of AngloGold Ashanti experienced a 9.0% increase in stock price, reaching $53.14, with a market capitalization of $22.30 billion.

AngloGold Ashanti PLC (NYSE:AU - Get Free Report) declared a semi-annual dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.80 per share by the mining company on Friday, September 5th. This represents a yield of 610.0%. The ex-dividend date is Friday, August 22nd. This is a 15.9% increase from AngloGold Ashanti's previous semi-annual dividend of $0.69.

AngloGold Ashanti has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AngloGold Ashanti to earn $4.14 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 10.6%.

AngloGold Ashanti Stock Performance

Shares of NYSE:AU traded up $1.44 on Wednesday, reaching $57.90. 2,129,131 shares of the company's stock were exchanged, compared to its average volume of 3,170,887. AngloGold Ashanti has a fifty-two week low of $22.45 and a fifty-two week high of $58.19. The business's 50-day moving average is $47.67 and its two-hundred day moving average is $39.98. The company has a quick ratio of 1.57, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $24.30 billion, a price-to-earnings ratio of 15.40 and a beta of 0.46.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 24.25%. As a group, equities research analysts forecast that AngloGold Ashanti will post 3.83 EPS for the current year.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.