Harmony Gold Mining Company Limited (NYSE:HMY) Plans Dividend of $0.31

Key Points

• Harmony Gold announced a dividend of $0.3124 per share, payable May 5 to shareholders of record on April 24 with an ex-dividend date of April 24, which the article states represents a 430.0% yield.
• The dividend is well covered by earnings with a current payout ratio of 6.1% and analysts projecting $1.49 EPS next year, implying a future payout ratio of about 9.4%.
• Shares opened at $14.54 (50-day SMA $20.03, 200-day SMA $19.04) and trade within a one-year range of $12.50–$26.06; the company has low leverage (debt/equity 0.03) but modest liquidity (current ratio 0.54, quick ratio 0.38).

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) announced a dividend on Tuesday, March 24th. Investors of record on Friday, April 24th will be given a dividend of 0.3124 per share by the mining company on Tuesday, May 5th. This represents a yield of 430.0%. The ex-dividend date is Friday, April 24th.

Harmony Gold Mining has a dividend payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. 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 $0.14 annual dividend with an expected future payout ratio of 9.4%.

Harmony Gold Mining Trading Up 4.9%

NYSE:HMY opened at $14.54 on Thursday. The firm has a 50-day simple moving average of $20.03 and a 200-day simple moving average of $19.04. Harmony Gold Mining has a one year low of $12.50 and a one year high of $26.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.

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