Kenmare Resources plc (LON:KMR) Raises Dividend to $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 given a dividend of $0.17 per share on Friday, May 30th. This represents a yield of 3.1%. The ex-dividend date of this dividend is Thursday, May 8th. This is a 13.3% increase from Kenmare Resources’s previous dividend of $0.15. The official announcement can be accessed at this link.

Kenmare Resources Price Performance

Kenmare Resources stock opened at GBX 399.40 ($5.17) on Friday. The business’s fifty day moving average is GBX 337.23 and its two-hundred day moving average is GBX 335.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. The firm has a market cap of £441.53 million, a P/E ratio of 5.63, a P/E/G ratio of 0.03 and a beta of 0.58. Kenmare Resources has a 52 week low of GBX 270 ($3.50) and a 52 week high of GBX 450 ($5.83).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 580 ($7.51) target price on shares of Kenmare Resources in a research note on Wednesday.

About Kenmare Resources

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.