South32 Ltd. (OTCMKTS:SOUHY) Declares Dividend of $0.12

Key Points

• South32 Ltd. has declared a dividend of $0.12 per share, with payment scheduled for October 16th to shareholders of record as of September 22nd, 2023.
• The company's shares recently opened at $8.74, showing a 1-year price range between $7.52 and $13.04 as well as a strong dividend yield of 316.0%.
• South32 has faced downgrades in analyst ratings, with several firms, including Citigroup and Jefferies, moving the stock from a "strong-buy" to a "hold" rating.

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) announced a dividend on Tuesday, September 16th, investing.com reports. Shareholders of record on Monday, September 22nd will be paid a dividend of 0.1196 per share by the basic materials company on Thursday, October 16th. This represents a yield of 316.0%. The ex-dividend date of this dividend is Friday, September 19th.

South32 Price Performance

Shares of OTCMKTS SOUHY opened at $8.74 on Tuesday. South32 has a 1-year low of $7.52 and a 1-year high of $13.04. The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $9.40 and its two-hundred day moving average price is $9.59.

Analyst Ratings Changes

Several research firms have recently issued reports on SOUHY. Citigroup cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Jefferies Financial Group cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, The Goldman Sachs Group cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 7th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.

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