Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Caledonia Mining dividend a reminder it is one of the few income stocks in the sector

There are few stocks on the junior bourse that yield more than 8% - let alone among the gold miners.
Caledonia Mining dividend a reminder it is one of the few income stocks in the sector
Caledonia is one of the few mining juniors to pay a divi.

There are few stocks on the junior bourse that yield more than 8% - let alone one in the gold mining sector.

Today’s dividend declaration from Caledonia Mining (LON:CMCL, CVE:CAL, OTCQX:CALVF) is a reminder there are still a few diggers out there willing and able to reward investors.

The company, which owns the Blanket Mine in Zimbabwe, is paying 1.125 US cents a share for the quarter just gone – or the equivalent of 4.5 cents on an annualised basis.

The firm is sitting on around US$16.1mln generated from an operation that has an-all-in cost of US$696 per ounce.

In the dividend release, Caledonia also updated on its plans to shift its domicile to Jersey from Canada. This ought to provide a boon for investors who won’t then have to pay Canadian withholding tax on their dividends.

Ian_55ae0ddd437b7.jpg
Why Invest In Caledonia Mining Corporation? Read More Here

Register here to be notified of future CMCL Company articles
View full CMCL profile

Caledonia Mining Corporation Timeline

Related Articles

klondex_core.png
April 11 2016
Nevada-focused gold and silver firm Klondex Mines Ltd appears well on its way to becoming the next mid-tier mining company.
Altintepe-construction.jpg
November 06 2015
Stratex's first gold pour means regular cashflow is coming
1-shutterstock_17373397.jpg
December 30 2015
There can be no doubt that Mariana Resources was one of the hits of this year’s Mines & Money Conference in London.

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.