HudBay Minerals Inc (NYSE:HBM) to Issue C$0.01 Quarterly Dividend

Key Points

• C$0.01 quarterly dividend announced, payable June 26 to shareholders of record June 9, implying a roughly 0.2% yield and a low payout ratio (~1.5%) indicating the dividend is well covered by earnings.
• Quarterly results beat: HudBay reported $0.40 EPS vs. $0.34 expected with revenue up 27.3% year-over-year, and the stock trades around $22.81 with a market cap of $9.06B and a P/E of 15.95.

HudBay Minerals Inc (NYSE:HBM - Get Free Report) TSE: HBM announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of 0.01 per share by the mining company on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 9th.

HudBay Minerals has a payout ratio of 1.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect HudBay Minerals to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 0.5%.

HudBay Minerals Trading Down 1.3%

Shares of NYSE:HBM traded down $0.30 during trading on Friday, reaching $22.81. The stock had a trading volume of 6,099,296 shares, compared to its average volume of 6,005,010. HudBay Minerals has a 52 week low of $7.33 and a 52 week high of $28.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.78 and a current ratio of 0.95. The firm's fifty day moving average is $23.03 and its 200 day moving average is $20.87. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 0.28 and a beta of 1.41.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its earnings results on Friday, May 1st. The mining company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.06. HudBay Minerals had a net margin of 25.71% and a return on equity of 8.91%. HudBay Minerals's revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 earnings per share. As a group, equities analysts forecast that HudBay Minerals will post 1.56 EPS for the current fiscal year.

About HudBay Minerals

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company's operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.

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