It said the dividend would be recorded on October 12 and the cheque mailed on October 26.

The June quarter was a steady one for the company, with its Blanket gold mine in Zimbabwe, where it recently upped its ownership to 64%, on track to reach production of 80,000 ounces by 2021.

Caledonia's board adopted the current dividends policy in 2014, with the usual dividend of 27.5c per annum expected to be maintained this year and paid out in equal quarterly instalments.