Caledonia Mining declares quarterly dividend

(Sharecast News) - Caledonia Mining declared a quarterly dividend of 14 US cents per share on Tuesday. The AIM-traded firm said the ex-dividend date for VFEX would be 10 January, and for AIM and NYSE, it would be 11 January.

It said the record date would be 12 January, with a payment date of 26 January.

Shareholders with registered addresses in the UK would receive their dividends in sterling, the board confirmed.

"Caledonia's strategy to maximise shareholder value includes a quarterly dividend policy which the board adopted in 2014," the directors said in their statement.

"The board will consider future dividends as appropriate and in line with its prudent approach to risk management."

At 1451 GMT, shares in Caledonia Mining Corporation were up 0.41% at 984p.

Reporting by Josh White for Sharecast.com.