Buenaventura Mining Company Inc. (NYSE:BVN) to Issue Special Dividend of $0.55

Key Points

• Buenaventura Mining declared a special dividend of $0.5508 per share. Shareholders of record on November 20 will receive payment on December 9, with the ex-dividend date also set for November 20.
• The company’s dividend appears well covered, with a current payout ratio of 57.4%; analysts expect the future payout ratio to decline to 26.9% based on projected earnings.
• Buenaventura reported quarterly EPS of $0.96, exceeding estimates of $0.86, while revenue reached $545.33 million versus the $439.69 million consensus forecast.

Buenaventura Mining Company Inc. (NYSE:BVN - Get Free Report) declared a special dividend on Monday, November 2nd. Investors of record on Friday, November 20th will be given a dividend of $0.5508 per share by the mining company on Wednesday, December 9th. The ex-dividend date is Friday, November 20th.

Buenaventura Mining has a payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Buenaventura Mining to earn $4.01 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 26.9%.

Buenaventura Mining Stock Down 0.9%

Buenaventura Mining stock traded down $0.23 during midday trading on Tuesday, reaching $26.62. The stock had a trading volume of 159,419 shares, compared to its average volume of 1,311,484. Buenaventura Mining has a 1-year low of $21.04 and a 1-year high of $44.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.43 and a current ratio of 2.59. The firm's fifty day simple moving average is $32.19 and its 200-day simple moving average is $33.86. The stock has a market capitalization of $6.75 billion, a P/E ratio of 5.63 and a beta of 0.43.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The mining company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.10. The company had revenue of $545.33 million for the quarter, compared to the consensus estimate of $439.69 million. Buenaventura Mining had a net margin of 50.88% and a return on equity of 26.53%. As a group, analysts expect that Buenaventura Mining will post 3.99 EPS for the current fiscal year.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.

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