Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has declared a quarterly dividend of US$0.14 per share.
The company has a well-established track record of dividend paying and has boosted the size of its payout by more than 100% over the past two years.
This year, Caledonia is guiding for production of 73,000 ounces of gold from its Blanket mine in southern Zimbabwe.
"Over the last 10 years Caledonia has built a strong reputation for delivering on its word and rewarding shareholders through growth and dividends,” said chief executive Steve Curtis.
"In January 2020, we announced our first dividend increase and over the last two years we have more than doubled the dividend while always balancing the importance of returning money to shareholders and investing in the company's growth. Now that the Central Shaft is complete the company can focus on other areas of its growth strategy, predominately de-risking the business from being a single asset producer.”