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

gold_nuggets,_sized_569f729c5a2f5.png
July 20 2016
New Luika produced just under 81,900 ounces of gold in 2015
Ingots_56ab299f71f71.jpg
February 22 2016
Goldplat's turnaround continues, as local currency weakness enhances the benefits of increased gold production
Gold-bars-plus-nugget.jpg
June 22 2016
Ariana Resources is making good progress with construction at Red Rabbit, and in the meantime is providing some excitement with exploration drill results

© 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.