Thungela Resources Limited (LON:TGA) Increases Dividend to GBX 46.48 Per Share

by · The Markets Daily

Thungela Resources Limited (LON:TGA – Get Free Report) declared a dividend on Monday, March 17th, DividendData.Co.Uk reports. Investors of record on Thursday, April 24th will be given a dividend of GBX 46.48 ($0.60) per share on Monday, May 12th. This represents a dividend yield of 9.41%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 440.5% increase from Thungela Resources’s previous dividend of $8.60. The official announcement can be viewed at this link.

Thungela Resources Trading Down 0.9 %

Shares of TGA stock traded down GBX 4.26 ($0.06) during trading hours on Tuesday, reaching GBX 489.14 ($6.35). 780,543 shares of the stock were exchanged, compared to its average volume of 140,879. The firm has a market capitalization of £15.42 billion, a price-to-earnings ratio of 4.72 and a beta of -0.87. The company has a current ratio of 1.89, a quick ratio of 3.53 and a debt-to-equity ratio of 0.51. Thungela Resources has a 12-month low of GBX 429.80 ($5.58) and a 12-month high of GBX 636.50 ($8.27). The company’s 50-day moving average price is GBX 531.27 and its 200-day moving average price is GBX 530.55.

About Thungela Resources

(Get Free Report)

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa and Australia. It owns interests in and produces its thermal coal from mining operations, consisting of underground and open cast mines in the Mpumalanga province of South Africa, including including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery.

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