Caledonia Mining announces dividend for 2012:
Caledonia Mining Corporation is pleased to announce a dividend in respect of the 12 months ended 31 December 2012 of one-half cent Canadian (CAD$0.005) per pre-consolidated ordinary share.
The dividend is anticipated to be payable on 30 April 2013 to shareholders of record on 19 April 2013.
The dividend will be paid after the implementation of the 1-for-10 share consolidation which will take effect on 12 April 2013, as set out in the News Release of 14 March 2013. On a post-consolidated basis the dividend will be 5 cents Canadian(CAD$0.05) per ordinary share.
This is more good news from Caledonia as they also announced a multi year expansion plan that will take production to approximately 70,000 oz./yr by 2017. I continue to think this is an outstanding holding for this continued gold bull market.
Disclosure: I am long OTCQX:CALVF.