Thungela Resources Limited (LON:TGA) to Issue Dividend Increase – GBX 41.82 Per Share

Thungela Resources Limited (LON:TGA) declared a dividend on Monday, March 18th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 41.82 ($0.52) per share on Tuesday, May 7th. This represents a dividend yield of 9.43%. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Thungela Resources’s previous dividend of $41.22. The official announcement can be viewed at this link.

Thungela Resources Trading Up 1.5 %

LON:TGA opened at GBX 620.93 ($7.73) on Wednesday. The stock has a market cap of £850.05 million, a P/E ratio of 397.08 and a beta of -0.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.53 and a current ratio of 2.26. Thungela Resources has a 1 year low of GBX 414.40 ($5.16) and a 1 year high of GBX 905 ($11.27). The stock has a 50-day simple moving average of GBX 494.61 and a 200-day simple moving average of GBX 593.77.

Thungela Resources Company Profile

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. It owns interests in and produces its thermal coal from mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery.