Caledonia Mining Corporation declares quarterly dividend

Sikhulekelani Moyo, [email protected]

CALEDONIA Mining Corporation has declared a US$0,14 quarterly dividend to its shareholders.

In a statement, the company said the mining house strategy to maximise shareholder value includes a quarterly dividend policy, which the board adopted in 2014.

“Caledonia Mining Corporation Plc is pleased to announce that the board of directors has declared a quarterly dividend of 14 United States cents (US$0.14) on each of the company’s shares,” reads the statement.

“Caledonia’s strategy to maximise shareholder value includes a quarterly dividend policy which the Board adopted in 2014. The Board will consider future dividends as appropriate and in line with its prudent approach to risk management.”

The firm has been consistent in paying dividends to shareholders.