Harmony Gold Mining Company Limited (HMY) To Go Ex-Dividend on October 12th

Harmony Gold Mining Company Limited (NYSE:HMY) announced a semiannual dividend on Tuesday, September 5th, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be given a dividend of 0.0269 per share by the mining company on Monday, October 23rd. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, October 12th.

Harmony Gold Mining Company Limited has decreased its dividend payment by an average of 13.3% per year over the last three years. Harmony Gold Mining Company Limited has a dividend payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Harmony Gold Mining Company Limited to earn $0.42 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 9.5%.

Shares of Harmony Gold Mining Company Limited (NYSE HMY) opened at 1.90 on Wednesday. Harmony Gold Mining Company Limited has a 52-week low of $1.56 and a 52-week high of $3.51. The firm has a market cap of $833.53 million, a PE ratio of 31.15 and a beta of -1.97. The stock’s 50 day moving average price is $1.94 and its 200-day moving average price is $2.00.

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Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Harmony Gold Mining Company Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Deutsche Bank AG upgraded shares of Harmony Gold Mining Company Limited from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, ValuEngine upgraded shares of Harmony Gold Mining Company Limited from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.

About Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

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