AngloGold Ashanti PLC (NYSE:AU) Announces Quarterly Dividend of $0.72

Key Points

• AngloGold Ashanti declared a quarterly dividend of $0.72 per share, payable September 4 to shareholders of record on August 21. The dividend implies an annualized yield of approximately 3.6%.
• The company’s current dividend payout ratio is elevated at 145%, meaning earnings do not fully cover the dividend; however, analysts expect the ratio to fall to about 60.9% next year based on projected earnings.
• AngloGold Ashanti’s latest quarterly results fell slightly short of expectations, with EPS of $1.98 versus the $2.03 consensus and revenue of $3.10 billion versus $3.20 billion expected.

AngloGold Ashanti PLC (NYSE:AU - Get Free Report) declared a quarterly dividend on Friday, July 31st. Shareholders of record on Friday, August 21st will be given a dividend of 0.72 per share by the mining company on Friday, September 4th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 21st.

AngloGold Ashanti has raised its dividend by an average of 1.0%annually over the last three years. AngloGold Ashanti has a dividend payout ratio of 145.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect AngloGold Ashanti to earn $7.62 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 60.9%.

AngloGold Ashanti Stock Performance

AU traded down $3.16 during trading on Friday, hitting $79.17. The company's stock had a trading volume of 7,344,615 shares, compared to its average volume of 2,992,036. The business's 50 day simple moving average is $84.53 and its 200-day simple moving average is $96.27. The firm has a market cap of $39.97 billion, a PE ratio of 11.61 and a beta of 0.65. AngloGold Ashanti has a one year low of $45.36 and a one year high of $129.14. The company has a quick ratio of 2.11, a current ratio of 2.71 and a debt-to-equity ratio of 0.19.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.03 by ($0.05). The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.20 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. As a group, sell-side analysts predict that AngloGold Ashanti will post 8.23 EPS for the current fiscal year.

AngloGold Ashanti Company Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.

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