Thungela Resources Limited (TGA) to Issue Dividend of GBX 46.48 on May 12th

Thungela Resources Limited (LON:TGA) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be paid 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 is Thursday, April 24th. This is a 440.5% increase from Thungela Resources’s previous dividend of $8.60. The official announcement can be seen at this link.

Thungela Resources Stock Down 3.1 %

Shares of LON TGA opened at GBX 478.72 ($6.22) on Wednesday. Thungela Resources has a 1 year low of GBX 429.80 ($5.59) and a 1 year high of GBX 636.50 ($8.27). The firm has a market cap of £15.10 billion, a price-to-earnings ratio of 4.62 and a beta of -0.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.53 and a current ratio of 1.89. The stock’s 50-day simple moving average is GBX 529.84 and its 200-day simple moving average is GBX 530.51.

About Thungela Resources

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.