B2Gold Corp. (NYSE:BTG) to Issue $0.02 Quarterly Dividend

Key Points

• B2Gold Corp. has declared a quarterly dividend of $0.02 per share, with payments scheduled for September 23rd to shareholders on record by September 11th, reflecting a yield of 2.2%.
• The company reported a 40.5% increase in revenue year-over-year, despite missing earnings estimates with $0.12 EPS compared to the expected $0.13.
• Major institutional investors hold approximately 61.40% of B2Gold’s stock, indicating significant interest from larger financial entities.

B2Gold Corp. (NYSE:BTG - Get Free Report) announced a quarterly dividend on Monday, August 11th, Wall Street Journal reports. Investors of record on Wednesday, September 10th will be paid a dividend of 0.02 per share on Tuesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 10th.

B2Gold has a dividend payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect B2Gold to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 20.0%.

B2Gold Stock Down 0.8%

B2Gold stock traded down $0.03 during midday trading on Thursday, reaching $3.83. The stock had a trading volume of 23,917,776 shares, compared to its average volume of 42,362,719. The firm's fifty day simple moving average is $3.59 and its 200-day simple moving average is $3.18. B2Gold has a 1-year low of $2.20 and a 1-year high of $3.93. The stock has a market capitalization of $5.07 billion, a P/E ratio of -7.98, a price-to-earnings-growth ratio of 0.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83.

B2Gold (NYSE:BTG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same period last year, the business posted $0.06 earnings per share. The business's revenue for the quarter was up 40.5% on a year-over-year basis. As a group, analysts expect that B2Gold will post 0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its holdings in shares of B2Gold by 875.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,750 shares of the company's stock worth $35,000 after acquiring an additional 8,750 shares during the last quarter. Independent Wealth Network Inc. acquired a new position in shares of B2Gold during the 1st quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new position in shares of B2Gold during the 2nd quarter worth approximately $36,000. Cantor Fitzgerald L. P. acquired a new position in shares of B2Gold during the 4th quarter worth approximately $25,000. Finally, Sagard Holdings Management Inc. acquired a new position in shares of B2Gold during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.