Thungela Resources Limited (LON:TGA) to Issue Dividend Increase – GBX 46.48 Per Share

Thungela Resources Limited (LON:TGA) declared a dividend on Monday, March 17th, DividendData.Co.Uk reports. Shareholders 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 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 Performance

TGA stock traded down GBX 4.26 ($0.06) during trading on Tuesday, reaching GBX 489.14 ($6.35). 780,543 shares of the company’s stock were exchanged, compared to its average volume of 140,879. The company has a quick ratio of 3.53, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. Thungela Resources has a 1-year low of GBX 429.80 ($5.58) and a 1-year high of GBX 636.50 ($8.27). The company’s fifty day moving average price is GBX 531.27 and its 200-day moving average price is GBX 530.55. The firm has a market cap of £15.42 billion, a PE ratio of 4.72 and a beta of -0.87.

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.