Gold miner Caledonia Mining has declared a quarterly dividend of $0.14 on each of the company's shares.
The total dividends paid in 2021 were $0.50 – almost 50% higher than in 2020.
Caledonia is targeting production of 73 000 oz to 80 000 oz of gold at its Blanket mine, in Zimbabwe, this year.
The company is focused on becoming a multi-asset gold producer.
Caledonia says it continues to evaluate investment opportunities in Zimbabwe and elsewhere.
“Our dividend continues to be a central part of our strategy as we seek to grow the business and de-risk it from being a single asset producer.
“We continue to evaluate investment opportunities while balancing returning money to shareholders and investing in the company’s growth,” says CEO Steve Curtis.
Caledonia's strategy to maximise shareholder value includes a quarterly dividend policy which the board adopted in 2014. The board says it will consider future increases in the dividend as appropriate in line with its prudent approach to risk management.