Caledonia declares dividend
CALEDONIA Mining Corporation Plc, which owns Blanket Gold Mine in Gwanda, has declared a 2025 first-quarter dividend of US$0,14 per share, honouring its dividend policy, to maximise shareholder value.
In 2014, Caledonia adopted a policy to maximise shareholders’ value, including through declaring quarterly dividends.
This has seen the company declaring US$0,14 quarterly since 2019.
The company is listed on the USA’s New York Stock Exchange, Zimbabwe’s Victoria Falls Stock Exchange and London’s Alternative Investment Market.
“Caledonia Mining Corporation Plc is pleased to announce that the board of directors has approved a quarterly dividend of 14 United States cents (US$0,14) on each of the company’s shares,” reads a statement from Caledonia.
“The relevant dates relating to the dividend are as follows: ex-dividend date VFEX, April 2, 2025; ex-dividend date AIM, April 3, 2025; ex-dividend date NYSE American, April 4, 2025; record date: April 4, 2025; payment date, April 18, 2025.
“Caledonia’s strategy to maximise shareholder value includes a quarterly dividend policy, which the board adopted in 2014.
“The board will consider future dividends as appropriate and in line with other investment opportunities and its prudent approach to risk management”.
The company said shareholders with a registered address in the United Kingdom would be paid in Pound Sterling.
In January 2020, Caledonia announced its first dividend increase from about 6,875 US cents in October 2019 to 14 cents, which has remained over the past six years.
Caledonia, which focuses on becoming a multi-asset gold producer, continues to evaluate investment opportunities in Zimbabwe and elsewhere.
The mining entity plans to establish itself as a multi-asset gold producer, with an ambitious goal to produce more than 250 000 ounces of gold per year.
The acquisition of Bilboes in January 2023 was part of Caledonia Mining’s strategy to build a portfolio of high-quality gold assets in Zimbabwe.
Meanwhile, Caledonia is set to release its 2024 report at the end of this month, after the company postponed the release of the report, which was scheduled for March 24, 2025.-chroncile
