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Lundin Gold Inc. (TSE:LUG) Raises Dividend to $0.68 Per Share

Lundin Gold logo with Basic Materials background

Key Points

  • Lundin Gold Inc. has increased its quarterly dividend to $0.68 per share, which represents a significant 225.3% increase from its previous dividend of $0.21.
  • The ex-dividend date is set for September 10th, with dividends to be distributed to shareholders recorded as of September 25th, yielding an annualized return of 2.9%.
  • Lundin Gold's stock opened at C$93.80 and has shown considerable price movement over the past year, with a low of C$25.84 and a high of C$95.09.
  • Five stocks to consider instead of Lundin Gold.

Lundin Gold Inc. (TSE:LUG - Get Free Report) announced a quarterly dividend on Wednesday, September 10th, TickerTech Dividends reports. Shareholders of record on Thursday, September 25th will be given a dividend of 0.675 per share on Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, September 10th. This is a 225.3% increase from Lundin Gold's previous quarterly dividend of $0.21.

Lundin Gold Trading Down 4.4%

LUG stock traded down C$4.08 during mid-day trading on Friday, reaching C$88.14. The company's stock had a trading volume of 963,308 shares, compared to its average volume of 694,165. The stock has a market cap of C$21.27 billion, a PE ratio of 34.70 and a beta of 1.15. Lundin Gold has a fifty-two week low of C$28.43 and a fifty-two week high of C$97.67. The company's 50 day moving average is C$76.09 and its two-hundred day moving average is C$63.15.

Insider Buying and Selling

In related news, insider Sheila Margaret Colman sold 14,600 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of C$81.49, for a total transaction of C$1,189,754.00. Following the completion of the transaction, the insider owned 37,068 shares of the company's stock, valued at approximately C$3,020,671.32. This trade represents a 28.26% decrease in their position. Also, insider Chester See sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of C$83.30, for a total transaction of C$1,666,000.00. Following the transaction, the insider directly owned 132,571 shares of the company's stock, valued at C$11,043,164.30. The trade was a 13.11% decrease in their position. Insiders have sold a total of 36,000 shares of company stock valued at $2,960,824 in the last ninety days. 58.72% of the stock is currently owned by corporate insiders.

About Lundin Gold

(Get Free Report)

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.

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Dividend History for Lundin Gold (TSE:LUG)

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