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Caledonia sticks to dividend plan

Zimbabwe-focused Caledonia Mining (TSX:CAL) has declared its usual quarterly dividend of US6.875c per common share.
Caledonia sticks to dividend plan Caledonia sticks to dividend plan Caledonia sticks to dividend plan Caledonia sticks to dividend plan Caledonia sticks to dividend plan

Dependable: Caledonia has once again rewarded shareholders with the usual quarterly dividend

Staff reporter

Caledonia's board adopted its current dividend policy in 2014 and has religiously followed it, despite gross profit and net profit attributable to shareholders falling in the September quarter.
 
It said it planned to continue maintaining the US27.5c per annum dividend to be paid out in four equal payments.
 
The company set the ex-dividend date for January 10 and the record date for January 11, with the cheque to be sent out on January 25. 
 
In November, Caledonia announced its plans to increase its holding in the Blanket mine to 64% from 49%, subject to regulatory approvals. 
 
On AIM, Caledonia's shares were trading at £4.32 (US$5.48) per share Wednesday, down 1.59% from the previous close on New Year's Eve.