The shares will go ex-dividend on 11 October, and the record date is 12 October.
Caledonia adopted a quarterly dividend policy in 2014. It’s expected that the current dividend of US$0.275 per year, paid in equal quarterly instalments, will be maintained.
Caledonia's primary asset is a 49% interest in the Blanket gold mine in Zimbabwe, although this stake is likely to rise to 64% following a memorandum of understanding signed in August.
On current plans, production from Blanket will increase to 80,000 ounces per year by 2021. Forecast production for 2018 is between 55,000 and 59,000 ounces of gold.
As at 30 June 2018, Caledonia had cash of approximately US$5.3mln.