Lucara Diamond Corp (LUC) to Issue Quarterly Dividend of $0.03

Lucara Diamond Corp (TSE:LUC) declared a quarterly dividend on Tuesday, February 20th, Zacks reports. Investors of record on Friday, March 23rd will be given a dividend of 0.025 per share on Thursday, April 12th. This represents a $0.10 annualized dividend and a yield of 4.93%. The ex-dividend date is Thursday, March 22nd.

Shares of Lucara Diamond stock traded down C$0.04 during trading hours on Friday, reaching C$2.03. The stock had a trading volume of 138,288 shares, compared to its average volume of 596,138. Lucara Diamond has a 1 year low of C$1.97 and a 1 year high of C$3.31.

A number of equities research analysts have weighed in on the company. Scotiabank restated an “outperform” rating and set a C$3.25 price objective on shares of Lucara Diamond in a research note on Wednesday, March 14th. Royal Bank of Canada lowered Lucara Diamond from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$3.00 to C$2.90 in a research note on Wednesday, January 10th.

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Lucara Diamond Company Profile

Lucara Diamond Corp. is a diamond mining company focused in Africa. The Company’s business consists of the acquisition, exploration, development and operation of diamond properties. Its segments include Karowe Mine, and Corporate and other. The Company holds a 100% interest in the Karowe Mine and three prospecting licenses located in Botswana.

Dividend History for Lucara Diamond (TSE:LUC)

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