DRDGOLD Limited (NYSE:DRD) Announces Semi-Annual Dividend of $0.22

DRDGOLD Limited (NYSE:DRD) announced a Semi-Annual dividend on Monday, September 13th, Zacks reports. Stockholders of record on Thursday, September 23rd will be paid a dividend of 0.216 per share by the basic materials company on Thursday, October 7th. The ex-dividend date is Wednesday, September 22nd.

DRDGOLD has raised its dividend payment by 1,278.5% over the last three years.

Shares of DRD stock opened at $9.28 on Wednesday. The firm has a 50 day moving average of $9.83 and a 200-day moving average of $10.36. DRDGOLD has a 52 week low of $8.73 and a 52 week high of $14.03. The company has a market cap of $802.34 million, a price-to-earnings ratio of 17.85 and a beta of 1.18.

A hedge fund recently raised its stake in DRDGOLD stock. Morgan Stanley grew its position in shares of DRDGOLD Limited (NYSE:DRD) by 53.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,331 shares of the basic materials company’s stock after acquiring an additional 6,708 shares during the quarter. Morgan Stanley’s holdings in DRDGOLD were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.04% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on DRD shares. Zacks Investment Research raised shares of DRDGOLD from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Tuesday. HC Wainwright reduced their price target on shares of DRDGOLD from $19.25 to $18.25 and set a “buy” rating for the company in a research report on Thursday, August 26th.

About DRDGOLD

DRDGOLD Ltd. engages in the business of retreatment of surface gold. It operates through the following segments: Ergo, FWGR, and Other Reconciling Items. The Ergo segment treats slime dams and sand dumps to the south of Johannesburg’s central business district as well as the East and Central Rand goldfields.

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Dividend History for DRDGOLD (NYSE:DRD)

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