Caledonia Mining Corporation Plc
CMCLBasic Materials · Gold · Stock · semiannual payer
Forward Yield
2.38%
Annual Dividend
$0.56
Payout Ratio
16%
5-Yr Growth
10.8%
Ex-Date
Aug 21, 2026
Frequency
Semiannual
Key facts about CMCL's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Caledonia Mining Corporation Plc (CMCL) has a forward dividend yield of 2.38%, based on an annual dividend of $0.56 per share and a share price of $23.54.
- As of Oct 18, 2026, CMCL's dividend safety grade from SmarterDividends is B (69 out of 100), which rates the dividend as safe.
- CMCL last cut its regular dividend in 2015.
- CMCL's most recent ex-dividend date was Aug 21, 2026, for a dividend of $0.14 per share.
- As of Oct 18, 2026, CMCL pays out 16% of its trailing 12-month earnings as dividends (its payout ratio).
- CMCL's dividend has grown at an average rate of 10.8% a year over the past five years.
- As of Oct 18, 2026, CMCL's 2.38% yield is 39% below its five-year average yield of 3.88%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for CMCL is $27.13 per share, 15% above the $23.54 share price, so CMCL screens as undervalued.
- Caledonia Mining Corporation Plc (CMCL) pays its dividend semiannual, 2 times a year.
- Caledonia Mining Corporation Plc (CMCL) has raised its regular dividend 9 times and cut it 6 times across the 39 payments on record since 2013. Its most recent change was a 7.7% increase to $0.140 per share, going ex-dividend on Jan 13, 2022. The last cut went ex-dividend on Jan 13, 2016.
Cite this page
SmarterDividends, "CMCL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/CMCL
Summary
As of Oct 18, 2026, Caledonia Mining Corporation Plc (CMCL) yields 2.38% ($0.56 a year per share) and has a dividend safety grade of B (69/100).
Is CMCL a good dividend stock?
Yes, with caveatsCaledonia Mining Corporation Plc (CMCL) pays a semiannual dividend yielding 2.38% ($0.56/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (16%)
- Strong 10.8% 5-yr dividend growth
- 87% total price return over 5 years
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 2.38%
- Payout Ratio
- 16%
- Annual Dividend
- $0.56
- 5-Yr Avg Growth
- 10.8%
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 0
- Frequency
- semiannual
- Beta
- 0.73
- Market Cap
- $455.1M
- P/E Ratio
- 6.7
- 5-Yr Total Return
- 87%
- 52-Week Range
- $15.85 – $36.36
- Dividend Safety
- B · 69/100
- Ever Cut?
- Yes (2015)
CMCL dividend raises and cuts
Caledonia Mining Corporation Plc (CMCL) has raised its regular dividend 9 times and cut it 6 times across the 39 payments on record since 2013. Its most recent change was a 7.7% increase to $0.140 per share, going ex-dividend on Jan 13, 2022. The last cut went ex-dividend on Jan 13, 2016.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 13, 2022 | Raise | $0.130 → $0.140 | +7.7% |
| Oct 14, 2021 | Raise | $0.120 → $0.140 | +16.7% |
| Jul 15, 2021 | Raise | $0.110 → $0.130 | +18.2% |
| Apr 15, 2021 | Raise | $0.100 → $0.120 | +20.0% |
| Jan 14, 2021 | Raise | $0.0850 → $0.110 | +29.4% |
| Oct 15, 2020 | Raise | $0.0750 → $0.100 | +33.3% |
| Jul 16, 2020 | Raise | $0.0750 → $0.0850 | +13.3% |
| May 14, 2020 | Raise | $0.0690 → $0.0750 | +8.7% |
| Jan 16, 2020 | Raise | $0.0690 → $0.0750 | +8.7% |
| Jan 13, 2016 | Cut | $0.0600 → $0.0550 | −8.3% |
| Jul 15, 2015 | Cut | $0.0650 → $0.0600 | −7.7% |
| Apr 15, 2015 | Cut | $0.0650 → $0.0600 | −7.7% |
Show all 15 changes since 2014
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 14, 2015 | Cut | $0.0700 → $0.0650 | −7.1% |
| Oct 15, 2014 | Cut | $0.0700 → $0.0650 | −7.1% |
| Apr 17, 2014 | Cut | $0.250 → $0.0700 | −72.0% |
Frequently Asked Questions
Is CMCL a good dividend stock?
Yes, with caveats. Caledonia Mining Corporation Plc (CMCL) pays a semiannual dividend yielding 2.38% ($0.56/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is CMCL undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CMCL's fair value is about $27.13 versus a $23.54 share price — so it looks undervalued (+15% vs. fair value).
Is CMCL's dividend safe?
CMCL has a dividend-safety grade of B (69/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2015, debt and yield-versus-history.
What is CMCL's fair value?
Our blended fair-value estimate for CMCL is about $27.13 per share, roughly 15% above the current $23.54 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is CMCL a buy, hold, or sell?
We don't issue formal ratings, but on the data CMCL screens as "yes, with caveats" and undervalued. Caledonia Mining Corporation Plc (CMCL) pays a semiannual dividend yielding 2.38% ($0.56/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will CMCL cut its dividend?
CMCL earns a dividend-safety grade of B (69/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does CMCL pay a dividend?
Yes. Caledonia Mining Corporation Plc pays a semiannual dividend of about $0.56 per share annually, a forward yield of roughly 2.38%.
What is CMCL's dividend yield?
As of Oct 18, 2026, CMCL's forward dividend yield is 2.38%, based on a $0.56 annual dividend and a $23.54 share price.
What is CMCL's dividend per share?
As of Oct 18, 2026, CMCL pays $0.56 per share per year, distributed on a semiannual basis.
What is CMCL's dividend payout ratio?
As of Oct 18, 2026, CMCL's payout ratio is 16% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has CMCL grown its dividend?
CMCL does not currently have a long dividend-growth streak on record.
When is the next CMCL ex-dividend date?
As of Oct 18, 2026, CMCL's next ex-dividend date hasn't been announced. The most recent was Aug 21, 2026, for $0.14 per share.
CMCL Price — Last 12 Months
Daily close
Price Return
1 Year
-24%
3 Years
+99%
5 Years
+87%
52-Week Range
$15.85 – $36.36
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CMCL worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Caledonia Mining Corporation Plc is $27.13 per share, versus a market price of $23.54. That implies 15% of upside — a margin of safety of about 13%.
Fair Value
$27.13
Current Price
$23.54
Upside
+15%
Margin of Safety
13%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 4.6% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $3.49 EPS, $0.56 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CMCL Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full CMCL dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | Sep 4, 2026 | $0.1400 | regular |
| Apr 2, 2026 | Apr 17, 2026 | $0.1400 | regular |
| May 23, 2025 | Jun 6, 2025 | $0.1400 | regular |
| Apr 4, 2025 | Apr 17, 2025 | $0.1400 | regular |
| Nov 22, 2024 | Dec 6, 2024 | $0.1400 | regular |
| Jul 12, 2024 | Jul 26, 2024 | $0.1400 | regular |
| Apr 11, 2024 | Apr 26, 2024 | $0.1400 | regular |
| Jan 11, 2024 | Jan 26, 2024 | $0.1400 | regular |
| Oct 12, 2023 | Oct 27, 2023 | $0.1400 | regular |
| Jul 13, 2023 | Jul 28, 2023 | $0.1400 | regular |
| Apr 13, 2023 | Apr 28, 2023 | $0.1400 | regular |
| Jan 12, 2023 | Jan 27, 2023 | $0.1400 | regular |
| Oct 13, 2022 | Oct 28, 2022 | $0.1400 | regular |
| Jul 14, 2022 | Jul 29, 2022 | $0.1400 | regular |
Income Calculator
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