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

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) declared a dividend on Tuesday, September 16th, investing.com reports. Stockholders 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 dividend yield of 316.0%. The ex-dividend date of this dividend is Friday, September 19th.

South32 Trading Down 0.5%

Shares of SOUHY traded down $0.04 during mid-day trading on Friday, reaching $8.57. 157,064 shares of the company's stock were exchanged, compared to its average volume of 139,106. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43. The business's fifty day simple moving average is $9.29 and its 200-day simple moving average is $9.54. South32 has a 52-week low of $7.52 and a 52-week high of $13.04.

About South32

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.