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TORONTO - Centerra Gold Inc. (TSX:CG) (NYSE:CGAU), currently trading at $62.90 and showing strong momentum with a 57% return over the past year, announced Wednesday that its Board of Directors has approved a quarterly dividend of C$0.07 per common share, amounting to approximately C$14.3 million or US$10.5 million in total. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.
The dividend will be payable on September 4, 2025, to shareholders of record as of the close of business on August 21, 2025. The company noted that the dividend qualifies as an eligible dividend for Canadian income tax purposes. The current dividend yield stands at 2.33%, notably higher than its 3-year average of 4%.
According to the press release statement, Centerra’s dividend policy stipulates that the timing and amount of dividends are determined by the Board of Directors based on factors including operating results, cash flow, financial conditions, current and anticipated capital requirements, and general business conditions.
Centerra Gold is a Canadian-based mining company that operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The company also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates the Molybdenum Business Unit in the United States and Canada.
The company’s shares are listed on both the Toronto Stock Exchange under the symbol CG and the New York Stock Exchange under the symbol CGAU. Centerra Gold is headquartered in Toronto, Ontario.
In other recent news, Carlyle Group reported record fee-related earnings and assets under management for the second quarter of 2025. The firm’s fee-related earnings reached $323 million, marking an 18% increase compared to the previous year. Additionally, Carlyle’s assets under management hit a new high at $465 billion. These figures underscore the company’s strong financial performance during this period. Despite these achievements, the stock price remained unchanged in the latest trading session. Investors may find these developments noteworthy as they reflect Carlyle Group’s continued growth and financial stability.
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