Gold Fields Limited (NYSE:GFI) Plans Dividend of $1.01

Gold Fields Limited (NYSE:GFI) announced a dividend on Wednesday, August 26th. Stockholders of record on Friday, September 11th will be given a dividend of 1.0144 per share on Thursday, September 24th. This represents a dividend yield of 421.0%. The ex-dividend date of this dividend is Friday, September 11th.

Gold Fields has raised its dividend payment by an average of 0.4%per year over the last three years. Gold Fields has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Gold Fields to earn $4.69 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 25.6%.

Gold Fields Price Performance

GFI stock traded up $0.32 during trading on Thursday, hitting $48.14. The company had a trading volume of 1,591,545 shares, compared to its average volume of 3,533,168. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The firm has a 50-day moving average price of $36.46 and a 200-day moving average price of $42.54. Gold Fields has a 12 month low of $31.11 and a 12 month high of $61.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in Gold Fields in the first quarter valued at about $25,000. CIBC Private Wealth Group LLC boosted its holdings in Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after buying an additional 273 shares during the last quarter. Arax Advisory Partners grew its position in shares of Gold Fields by 352.6% during the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after buying an additional 885 shares during the period. NewEdge Advisors LLC grew its position in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after buying an additional 2,152 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Gold Fields by 606.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock valued at $61,000 after acquiring an additional 2,287 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.