DRDGOLD Ltd. (NYSE:DRD) announced a quarterly dividend on Thursday, February 22nd, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.0426 per share by the basic materials company on Thursday, March 29th. This represents a $0.17 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Thursday, March 15th. This is a positive change from DRDGOLD’s previous quarterly dividend of $0.04.
DRDGOLD has increased its dividend payment by an average of 24.3% per year over the last three years and has increased its dividend annually for the last 5 consecutive years.
Shares of DRDGOLD (DRD) opened at $2.81 on Friday. DRDGOLD has a 12 month low of $2.65 and a 12 month high of $5.47. The company has a quick ratio of 1.31, a current ratio of 2.14 and a debt-to-equity ratio of 0.01.
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DRDGOLD Limited is a gold mining company. The Company is engaged in gold production by tailings retreatment. The Company is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Company owns approximately 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO).
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