Caledonia Mining continues churning out dividends

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By Zimbabwe Investor on April 7, 2015. No Comments

Caledonia Mining Corporation (LON:CMCL) continues to belie the reputation of AIM-listed mining companies by churning out the dividends.

The Canadian company has declared its sixth quarterly dividend, worth 1.5 Canadian cents per share.

The ex-dividend date will be April 16, 2015 and for those shareholders who still receive their divis by mail, the cheques will be in the post on April 30, 2015.

UK shareholders will be paid in pence and US shareholders in US cents, with the foreign exchange translation made on the record date, which is April 17.

The quarterly dividend payment is in line with the company’s stated aim of banging out dividends of six cents a year.

Caledonia is a Mining, Exploration and Development company focused on Southern Africa. Caledonia’s primary asset is a 49% interest in the Blanket Mine (“Blanket”) in Zimbabwe, which is fully compliant with local ownership requirements and produced 41,800 ounces of gold in 2014.  In November 2014 Caledonia announced a fully-funded investment proramme to increase production at Blanket to approximately 80,000 ounces of gold in 2021.
Caledonia’s shares are listed on the Toronto Stock Exchange (CAL) and on AIM in London (CMCL) and are also traded on the OTCQX in the USA (CALVF)

– Proactive Investors