Southern Copper Corporation Plans Quarterly Dividend of $1.00 (NYSE:SCCO)

Key Points

• Quarterly dividend of $1.00 — Southern Copper announced a $1.00 per-share quarterly dividend (ex-dividend May 12), payable May 29 to shareholders of record on May 13, implying a $4.00 annual payout and a ~2.2% yield.
• The dividend is currently covered but relatively high — the company’s latest payout ratio is 90.1%, though analysts project $6.79 EPS next year which would lower the implied payout ratio to about 58.9%; dividend growth has averaged only 0.2% per year over the past three years.
• Recent results and stock metrics — Southern Copper beat quarterly estimates with $1.55 EPS and $3.87B revenue, has a market cap of roughly $149.1B, a P/E of ~34.2, and a 52-week range of $86.59–$223.88.

Southern Copper Corporation (NYSE:SCCO - Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, May 13th will be given a dividend of 1.00 per share by the basic materials company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 12th.

Southern Copper has increased its dividend by an average of 0.2%per year over the last three years. Southern Copper has a payout ratio of 90.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Southern Copper to earn $6.79 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 58.9%.

Southern Copper Stock Performance

Shares of SCCO stock opened at $182.02 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.89 and a quick ratio of 3.40. Southern Copper has a fifty-two week low of $86.59 and a fifty-two week high of $223.88. The stock's 50-day moving average is $186.15 and its two-hundred day moving average is $162.84. The firm has a market cap of $149.10 billion, a P/E ratio of 34.21, a PEG ratio of 1.89 and a beta of 1.16.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.01. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.73 billion. Southern Copper had a return on equity of 41.97% and a net margin of 32.30%.During the same period last year, the business earned $0.98 EPS. Analysts predict that Southern Copper will post 6.79 earnings per share for the current fiscal year.

Southern Copper Company Profile

Southern Copper Corporation NYSE: SCCO is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper's operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.

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