Harmony Gold Mining Company Limited (HMY) to Issue Dividend of $0.31 on May 5th

Harmony Gold Mining Company Limited (NYSE:HMY) announced a dividend on Tuesday, March 24th. Stockholders of record on Friday, April 24th will be given a dividend of 0.3124 per share by the mining company on Tuesday, May 5th. This represents a dividend yield of 430.0%. The ex-dividend date of this dividend is Friday, April 24th.

Harmony Gold Mining has a dividend payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Harmony Gold Mining to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 9.4%.

Harmony Gold Mining Trading Down 1.5%

Shares of NYSE HMY traded down $0.22 during midday trading on Thursday, hitting $14.33. The stock had a trading volume of 689,781 shares, compared to its average volume of 5,222,997. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. Harmony Gold Mining has a 1-year low of $12.56 and a 1-year high of $26.06. The company has a fifty day moving average price of $20.03 and a 200 day moving average price of $19.04.

Hedge Funds Weigh In On Harmony Gold Mining

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Harmony Gold Mining in the 3rd quarter valued at about $25,000. Colonial Trust Advisors acquired a new stake in shares of Harmony Gold Mining during the second quarter valued at about $26,000. TD Private Client Wealth LLC purchased a new stake in shares of Harmony Gold Mining during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Harmony Gold Mining in the fourth quarter worth about $26,000. Finally, Assetmark Inc. lifted its stake in shares of Harmony Gold Mining by 907.5% in the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after acquiring an additional 1,579 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.