Gold Fields Limited (NYSE:GFI) Declares Dividend of $1.01

Key Points

• Gold Fields declared a dividend of $1.0144 per share, payable September 24 to shareholders of record on September 11; the article reports a 421.0% dividend yield.
• The dividend appears financially covered, with a 40.0% payout ratio and analysts expecting next year’s earnings to support an estimated 25.6% future payout ratio.
• Gold Fields shares rose to $48.14, while institutional ownership stands at 24.81%; several institutions recently increased their stakes in the company.

Gold Fields Limited (NYSE:GFI - Get Free Report) declared a dividend on Wednesday, August 26th. Stockholders of record on Friday, September 11th will be given a dividend of 1.0144 per share on Thursday, September 24th. This represents a dividend yield of 421.0%. The ex-dividend date of this dividend is Friday, September 11th.

Gold Fields has raised its dividend by an average of 0.4%annually over the last three years. Gold Fields has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Gold Fields to earn $4.69 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 25.6%.

Gold Fields Price Performance

Shares of Gold Fields stock traded up $0.32 on Thursday, reaching $48.14. The stock had a trading volume of 1,591,545 shares, compared to its average volume of 3,533,168. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The business's 50-day moving average price is $36.46 and its two-hundred day moving average price is $42.54. Gold Fields has a fifty-two week low of $31.11 and a fifty-two week high of $61.64.

Institutional Investors Weigh In On Gold Fields

Institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Gold Fields by 43.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company's stock worth $10,698,000 after purchasing an additional 74,539 shares in the last quarter. Crescent Grove Advisors LLC acquired a new stake in shares of Gold Fields in the first quarter valued at $1,795,000. Bank of America Corp DE raised its holdings in shares of Gold Fields by 32.1% in the first quarter. Bank of America Corp DE now owns 771,791 shares of the company's stock valued at $35,039,000 after buying an additional 187,755 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Gold Fields by 203.7% in the fourth quarter. Sigma Planning Corp now owns 55,407 shares of the company's stock valued at $2,419,000 after buying an additional 37,161 shares during the last quarter. Finally, Euro Pacific Asset Management LLC lifted its position in Gold Fields by 371.9% during the 1st quarter. Euro Pacific Asset Management LLC now owns 64,497 shares of the company's stock worth $3,117,000 after buying an additional 50,830 shares in the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Company Profile

Gold Fields NYSE: GFI is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company's core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.

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