Caledonia Mining Corporation Plc declares increased dividend

  • Jan 03, 2020 GMT
  • Team Kalkine
Caledonia Mining Corporation Plc (LON: CMCL) has declared an increased quarterly dividend.
  • The company has reported that the board of directors announced a 9.1 per cent higher dividend to US$0.075 as compared to US$0.06875 on each of the company's common shares.
  • The company has reported that due to increased production and the continued higher gold price, its financial performance has improved.
  • The company has also fixed target production at 80,000 ounces of gold per annum from 2022.
  • On 3rd January 2020, at the time of writing, GMT 08:12 AM, CMCL shares were trading at GBX 625.00, up by 10.00 points or 1.63% against the previous day closing price.

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