Eldorado Gold Corporation (NYSE:EGO) Shareholders Set to Receive $0.07 Quarterly Dividend

Key Points

• Eldorado Gold declared a quarterly dividend of $0.075 per share, payable December 15 to shareholders of record on December 1. The dividend equates to $0.30 annually and a 0.9% yield.
• The dividend appears well covered, with an 11.6% payout ratio and analysts forecasting a future payout ratio of approximately 6.2%.
• Eldorado Gold shares fell 5.4% to $32.60 after the company reported quarterly earnings of $0.49 per share, below the $0.53 consensus estimate, while revenue of $511.9 million also missed expectations.

Eldorado Gold Corporation (NYSE:EGO - Get Free Report) TSE: ELD declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.0750 per share by the basic materials company on Tuesday, December 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, December 1st.

Eldorado Gold has a dividend payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eldorado Gold to earn $4.82 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 6.2%.

Eldorado Gold Trading Down 5.4%

EGO stock traded down $1.86 during midday trading on Thursday, hitting $32.60. 6,256,370 shares of the company's stock were exchanged, compared to its average volume of 2,944,169. The business has a 50-day simple moving average of $40.21 and a two-hundred day simple moving average of $36.99. The stock has a market capitalization of $8.53 billion, a PE ratio of 11.53, a P/E/G ratio of 0.29 and a beta of 0.67. Eldorado Gold has a 1-year low of $24.57 and a 1-year high of $51.16. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The company had revenue of $511.90 million for the quarter, compared to analysts' expectations of $621.90 million. Eldorado Gold had a return on equity of 10.91% and a net margin of 29.83%. On average, sell-side analysts predict that Eldorado Gold will post 3.02 EPS for the current fiscal year.

About Eldorado Gold

Eldorado Gold Corporation is a Canadian mining company focused on the exploration, development and operation of gold properties. The company produces gold and related by-products, including silver, and manages a portfolio of mines and development projects in Türkiye, Greece and Canada.

Eldorado's operations and projects include the Kisladag and Efemcukuru gold mines in Türkiye, the Olympias polymetallic mine and Skouries copper-gold project in Greece, and the Lamaque gold operation in Quebec, Canada.

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