Centerra Gold Inc. to Issue Quarterly Dividend of $0.07 (NYSE:CGAU)

Key Points

• Centerra Gold Inc. announced a quarterly dividend of $0.07 per share, with a yield of 3.8%, payable on September 4th to investors of record on August 21st.
• The company reported $0.25 earnings per share for the last quarter, exceeding estimates of $0.21, demonstrating strong financial performance.
• Centerra Gold has a dividend payout ratio of 19.0%, indicating dividends are well-covered by earnings, with expectations for continued capability to meet future dividends.

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Thursday, August 21st will be given a dividend of 0.07 per share on Thursday, September 4th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Centerra Gold has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Centerra Gold to earn $0.70 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 28.6%.

Centerra Gold Price Performance

NYSE:CGAU traded up $0.16 during trading hours on Wednesday, reaching $7.47. 931,926 shares of the company traded hands, compared to its average volume of 902,593. The firm's 50-day moving average is $7.23 and its 200-day moving average is $6.66. The stock has a market cap of $1.53 billion, a P/E ratio of 39.29, a P/E/G ratio of 0.33 and a beta of 0.80. Centerra Gold has a 1-year low of $5.41 and a 1-year high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. Centerra Gold had a net margin of 3.68% and a return on equity of 8.71%. As a group, research analysts predict that Centerra Gold will post 0.59 earnings per share for the current year.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.

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