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Multi-listed, gold-focused miner Caledonia Mining Corporation Plc has, for yet another consecutive quarter since October 2021, approved a quarterly dividend of 14 United States cents (US$0.14) per share, Mining Zimbabwe can report.
By Rudairo Mapuranga
The Q2 2025 dividend continues Caledonia’s record of consistent payouts, reflecting its strong operational performance and solid cash generation from its Zimbabwean gold assets. This dividend is in line with the company’s long-standing quarterly dividend policy, which was adopted by the board in 2014 as part of its strategy to maximise shareholder value.
According to Caledonia, all shareholders with a registered address in the UK will be paid in sterling.
Dividend Timetable for Q2 2025
The relevant dates for the Q2 2025 dividend are as follows:
Ex-dividend date VFEX: August 20, 2025
Ex-dividend date AIM: August 22, 2025
Ex-dividend date NYSE American: August 22, 2025
Record date: August 22, 2025
Payment date: September 5, 2025
Caledonia’s dividend history underscores its commitment to returning value to shareholders. The company adopted its quarterly dividend policy in 2014, building on a track record that began with its inaugural dividend in February 2012 of 6 Canadian cents. By 2013, the company had announced plans to maintain an annual aggregate dividend of the same amount, payable quarterly.
In 2015, the company transitioned its reporting currency from Canadian Dollars to United States Dollars. This change also saw dividends declared in USD, with the first quarter of 2016 paying 1.125 US cents per share, later raised in the same year to 1.375 US cents per share. Following a 1-for-5 share consolidation in 2017, the dividend was adjusted proportionately.
Since then, Caledonia has steadily increased payouts, including notable jumps in 2020 from 7.5 US cents in January to 10 US cents by October. In 2021, the board increased the dividend every quarter, culminating in the October 2021 rise to US$0.14 per share, a 104% increase compared to October 2019, where it has remained.
The October 2021 increase coincided with the commissioning of the Central Shaft at Blanket Mine, which significantly enhanced production capacity and reduced operational risk. Since then, Caledonia has kept its quarterly payout steady at US$0.14 while advancing strategic growth projects, including the Bilboes development and Motapa exploration.
The board will continue to review future dividends in line with operational performance, capital investment opportunities, and its prudent approach to risk management. With consistent production at Blanket Mine and progress on new projects, Caledonia remains well-positioned to maintain its dividend track record while pursuing long-term value creation for shareholders.
