Kenmare Resources plc (LON:KMR) Plans Dividend Increase – $0.17 Per Share

Kenmare Resources plc (LON:KMR) announced a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Investors of record on Thursday, May 8th will be paid a dividend of $0.17 per share on Friday, May 30th. This represents a yield of 3.1%. The ex-dividend date is Thursday, May 8th. This is a 13.3% increase from Kenmare Resources’s previous dividend of $0.15. The official announcement can be seen at this link.

Kenmare Resources Stock Performance

Shares of Kenmare Resources stock opened at GBX 415 ($5.34) on Thursday. Kenmare Resources has a 1-year low of GBX 270 ($3.48) and a 1-year high of GBX 450 ($5.79). The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of GBX 335.13 and a two-hundred day moving average price of GBX 335.30. The company has a market cap of £458.78 million, a P/E ratio of 5.85, a PEG ratio of 0.03 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 350 ($4.51) price target on shares of Kenmare Resources in a research note on Thursday, March 6th.

Kenmare Resources Company Profile

Kenmare Resources plc is an Ireland-based mining company. The Company operates the Moma Titanium Minerals Mine, located on the northeast coast of Mozambique. The Moma Mine contains deposits of heavy minerals, which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon.