Alamos Gold Inc. (NYSE:AGI) Plans Quarterly Dividend of $0.04

Key Points

• Alamos Gold declared a quarterly dividend of $0.04 per share, payable September 24 to shareholders of record on September 10. The dividend represents $0.16 annually and a 0.4% yield.
• The dividend appears well covered, with a current payout ratio of 10.7% and an expected future payout ratio of 6.0% based on projected earnings.
• Alamos Gold reported quarterly EPS of $0.59, exceeding estimates of $0.52, while revenue rose 35.6% year over year to $594.1 million.

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI declared a quarterly dividend on Thursday, August 27th. Investors of record on Thursday, September 10th will be given a dividend of 0.04 per share by the basic materials company on Thursday, September 24th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 10th.

Alamos Gold has increased its dividend by an average of 0.1%annually over the last three years. Alamos Gold has a payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alamos Gold to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 6.0%.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $37.98 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67. The company has a market cap of $15.90 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.50 and a beta of 0.56. The firm has a fifty day moving average price of $31.61 and a two-hundred day moving average price of $39.40. Alamos Gold has a fifty-two week low of $27.05 and a fifty-two week high of $55.41.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $594.10 million for the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a net margin of 52.64% and a return on equity of 19.28%. The business's revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Analysts expect that Alamos Gold will post 2.12 EPS for the current year.

About Alamos Gold

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.

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