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

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.

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 2.9%. 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 Stock Performance

LUG stock opened at C$93.80 on Monday. Lundin Gold has a fifty-two week low of C$25.84 and a fifty-two week high of C$95.09. The business's 50-day moving average is C$74.04 and its two-hundred day moving average is C$61.65. The company has a market cap of C$22.63 billion, a price-to-earnings ratio of 36.93 and a beta of 1.15.

Insider Activity

In related news, Senior Officer Sheila Margaret Colman sold 1,400 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$75.05, for a total transaction of C$105,070.00. Also, Director Pablo Mir sold 15,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$66.44, for a total value of C$996,550.50. Company insiders own 58.72% of the company's stock.

Lundin Gold Company Profile

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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