Caledonia Mining Corporation Declares New Dividend Payment

Caledonia Mining Corporation Announces Quarterly Dividend
Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) has made an important announcement regarding its financial practices. The board of directors has approved a quarterly dividend of 14 United States cents (US$0.14) per share, a decision aimed at enhancing shareholder satisfaction.
Details of the Dividend Payment
The dividend announcement comes with several key dates that shareholders should note:
Ex-Dividend Dates
The ex-dividend dates for various markets are outlined below:
- Ex-dividend date for VFEX: April 2
- Ex-dividend date for AIM: April 3
- Ex-dividend date for NYSE American: April 4
Record and Payment Dates
The record date is set for April 4, and payment of the dividend will be made on April 18.
Shareholder Considerations
Investors with a registered address in the UK will receive their dividends in Sterling, ensuring convenience for local shareholders. This invites a wave of positive sentiment among investors, especially as consistency in dividends often reflects a company’s stable performance.
Dividend Policy at Caledonia
Caledonia's dividend policy is part of a broader strategy aimed at maximizing shareholder value. This strategy has been in practice since 2014, and it illustrates the company's commitment to returning value to its shareholders while also managing financial risks prudently.
The Board continuously evaluates the appropriateness of dividends in light of emerging investment opportunities. Such a balanced approach ensures that while dividends reward shareholders, the company's growth and sustainability are also prioritized.
Contacting Caledonia Mining Corporation
For further inquiries, shareholders and potential investors can reach out to the Caledonia Mining Corporation's investor relations team. Key contacts include Mark Learmonth and Camilla Horsfall, who are readily available for discussions regarding the company's strategies and financial practice.
Furthermore, various brokerage partners are prepared to assist with any specifics regarding the dividends or investment opportunities. They include:
- Cavendish Capital Markets Limited
- Panmure Liberum
- Camarco, Financial PR (UK)
- 3PPB (Financial PR, North America)
- Curate Public Relations (Zimbabwe)
- IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Understanding the Importance of Dividends
Dividends play an essential role in the investment strategies of many shareholders. They provide a regular income and often signal financial health and stability within a company. By maintaining a reliable dividend policy, Caledonia Mining Corporation emphasizes its dedication to its shareholders’ interests.
The approval of this quarterly dividend is a clear indication of Caledonia’s ongoing commitment to enhancing shareholder value. It exemplifies a thoughtful strategy that balances returning capital to investors with future growth opportunities.
Frequently Asked Questions
What is the amount of the declared dividend?
The declared dividend is 14 United States cents (US$0.14) per share.
What are the relevant dates for this dividend?
The ex-dividend dates vary by market, with payments made on April 18.
How does Caledonia's dividend policy enhance shareholder value?
Caledonia's dividend policy reflects its strategy to maximize shareholder value while managing risks prudently.
Who can I contact for more details about the dividend?
Mark Learmonth and Camilla Horsfall are the main contacts for inquiries regarding the dividend announcement.
How often does Caledonia pay dividends?
Caledonia has adopted a quarterly dividend policy, which has been in effect since 2014.
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