Caledonia declares quarterly dividend

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has announced a quarterly dividend of US$0.14 per share, with ex-dividend dates set for April 12 and 13, 2023, and a payment date of April 28, 2023. The total dividend for 2022 was 56 cents per share, marking a 12% increase from 2021's 50 cents. CEO Mark Learmonth emphasized that this consistent dividend is central to the company's strategy, distinguishing Caledonia from its peers. The company's dividend policy, adopted in 2014, aims to maximize shareholder value and will consider future increases based on prudent risk management.

Positive

• Quarterly dividend of US$0.14 per share announced.
• Total dividend for 2022 increased to 56 cents, a 12% rise from 2021.

Negative

• None.

ST HELIER, Jersey, April 03, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or the “Company”) 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.

Commenting on the announcement, Mark Learmonth, Chief Executive Officer, said:

“The total dividend paid for 2022 was 56 cents per share, a 12% increase on the 50 cents per share in 2021. The quarterly dividend, which remains at 14 cents a share, continues to be an important part of the Company’s strategy and we believe sets us apart from our peer group.”

The relevant dates relating to the dividend are as follows:

• Ex-dividend date VFEX: April 12, 2023
• Ex-dividend date AIM and NYSE: April 13, 2023
  
• Record date: April 14, 2023
  
• Payment date: April 28, 2023

Shareholders with a registered address in the UK will be paid in Sterling.

Caledonia's Dividend Policy
Caledonia's strategy to maximise shareholder value includes a quarterly dividend policy which the Board adopted in 2014. The Board will consider future increases in the dividend as appropriate in line with its prudent approach to risk management.

Enquiries:

Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 800 Tel: +44 7817 841 793
Cenkos Securities plc (Nomad and Joint Broker) Adrian Hadden Neil McDonald Pearl Kellie	Tel: +44 207 397 1965 Tel: +44 131 220 9771 Tel: +44 131 220 9775
Liberum Capital Limited (Joint Broker) Scott Mathieson/Kane Collings	Tel: +44 20 3100 2000
BlytheRay Financial PR (UK) Tim Blythe/Megan Ray	Tel: +44 207 138 3204
3PPB (Financial PR, North America) Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe) Debra Tatenda	Tel: +263 77802131
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa	Tel: +263 (242) 745 119/33/39

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR. 

FAQ

What is the dividend amount announced by Caledonia Mining Corporation?

Caledonia Mining Corporation has announced a quarterly dividend of US$0.14 per share.

When is the payment date for Caledonia's dividend?

The payment date for Caledonia's dividend is April 28, 2023.

How does the 2022 dividend compare to 2021 for Caledonia Mining Corporation?

The total dividend for 2022 was 56 cents per share, a 12% increase from 50 cents per share in 2021.

What are the ex-dividend dates for Caledonia Mining Corporation?

Ex-dividend dates are April 12, 2023, for VFEX and April 13, 2023, for AIM and NYSE.

What is Caledonia Mining Corporation's dividend policy?

Caledonia's dividend policy aims to maximize shareholder value with quarterly payments, reviewed for future increases based on risk management.