Lundin Gold Inc. (TSE:LUG) Raises Dividend to $1.16 Per Share

Key Points

• Lundin Gold raised its quarterly dividend to C$1.1642 per share, a 64.9% increase from the prior C$0.71 payment, with an ex-dividend date of March 11 and a record/payment date of March 26, implying an annualized yield of about 4.1%.
• Shares traded up about 2% after the news, with the stock around C$114.62, a 12‑month range of C$39.34–C$130.98, and a market capitalization of roughly C$27.71 billion (P/E ~35.05).
• Lundin reported strong quarterly results—C$1.33 EPS, C$697.8 million revenue, a return on equity of 60.01% and a net margin of 44.42%—and analysts expect about 2.56 EPS for the current fiscal year.

Lundin Gold Inc. (TSE:LUG - Get Free Report) announced a quarterly dividend on Wednesday, March 11th, TickerTech Dividends reports. Investors of record on Thursday, March 26th will be paid a dividend of 1.1642 per share on Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 11th. This is a 64.9% increase from Lundin Gold's previous quarterly dividend of $0.71.

Lundin Gold Stock Up 2.0%

Shares of LUG stock opened at C$114.62 on Monday. Lundin Gold has a twelve month low of C$39.34 and a twelve month high of C$130.98. The stock's fifty day simple moving average is C$114.37 and its 200 day simple moving average is C$105.21. The firm has a market capitalization of C$27.71 billion, a P/E ratio of 35.05 and a beta of 1.30.

Lundin Gold (TSE:LUG - Get Free Report) last posted its earnings results on Friday, February 20th. The company reported C$1.33 EPS for the quarter. Lundin Gold had a return on equity of 60.01% and a net margin of 44.42%.The firm had revenue of C$697.82 million during the quarter. As a group, equities research analysts expect that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.