Harmony Gold Mining Company Limited Plans Semi-annual Dividend of $0.09 (NYSE:HMY)

Key Points

• Harmony Gold Mining Company Limited announced a dividend of $0.09 per share, to be paid on October 20th to shareholders of record as of October 10th, representing a substantial yield of 120.0%.
• The company has a low payout ratio of 10.5%, indicating that its dividend is well-supported by earnings, with expected earnings of $1.49 per share next year.
• As of Thursday, Harmony Gold Mining stock was priced at $14.87, showing a slight decline of 0.8%, with a market cap of $9.44 billion.

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) declared a semi-annual dividend on Tuesday, September 16th. Stockholders of record on Friday, October 10th will be given a dividend of 0.0893 per share by the mining company on Monday, October 20th. This represents a dividend yield of 120.0%. The ex-dividend date is Friday, October 10th.

Harmony Gold Mining has a payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Harmony Gold Mining to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 16.1%.

Harmony Gold Mining Stock Up 4.1%

NYSE HMY traded up $0.69 during trading hours on Monday, hitting $17.57. The company's stock had a trading volume of 3,963,523 shares, compared to its average volume of 6,027,518. Harmony Gold Mining has a 52 week low of $7.97 and a 52 week high of $18.77. The company has a market capitalization of $11.15 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.14 and a beta of 0.80. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The company's 50-day simple moving average is $14.81 and its two-hundred day simple moving average is $14.66.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.