AngloGold Ashanti PLC (NYSE:AU) Plans Dividend Increase - $0.80 Per Share

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 dividend 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 dividend payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 1.2%

Shares of NYSE:AU traded down $0.72 during trading on Friday, reaching $57.32. 1,004,864 shares of the stock were exchanged, compared to its average volume of 3,162,758. AngloGold Ashanti has a 12-month low of $22.45 and a 12-month high of $59.19. The firm's 50-day moving average price is $48.23 and its 200 day moving average price is $40.32. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 15.24 and a beta of 0.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.34.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced 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 analysts' expectations of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 24.25%. On average, sell-side analysts anticipate that AngloGold Ashanti will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Company Profile

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.