MAG Silver Corp. (TSE:MAG) to Issue Quarterly Dividend of $0.20

MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG announced a quarterly dividend on Friday, May 16th, TickerTech Dividends reports. Stockholders of record on Wednesday, May 28th will be given a dividend of 0.20 per share on Wednesday, May 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, May 16th. This is a 900.0% increase from MAG Silver's previous quarterly dividend of $0.02.

MAG Silver Stock Performance

TSE:MAG opened at C$25.08 on Wednesday. MAG Silver has a fifty-two week low of C$15.64 and a fifty-two week high of C$26.60. The company has a market cap of C$1.82 billion, a P/E ratio of 24.37, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average is C$21.73 and its two-hundred day moving average is C$21.80.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD Securities raised shares of MAG Silver to a "strong-buy" rating in a report on Monday, March 10th. Raymond James increased their target price on MAG Silver from C$26.00 to C$27.00 in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MAG Silver presently has a consensus rating of "Moderate Buy" and an average price target of C$26.09.

About MAG Silver

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).

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