Buenaventura Mining Company Inc. (NYSE:BVN) Shareholders to Get $0.55 Special Dividend

Buenaventura Mining Company Inc. (NYSE:BVN) declared a special dividend on Monday, November 2nd. Shareholders of record on Friday, November 20th will be given a dividend of $0.5508 per share by the mining company on Wednesday, December 9th. The ex-dividend date of this dividend is Friday, November 20th.

Buenaventura Mining has a dividend payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Buenaventura Mining to earn $4.01 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 26.9%.

Buenaventura Mining Price Performance

Shares of BVN stock traded down $0.23 during trading hours on Tuesday, hitting $26.62. 171,142 shares of the company’s stock were exchanged, compared to its average volume of 1,311,522. The stock’s 50-day moving average is $32.19 and its 200-day moving average is $33.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 2.43. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 5.64 and a beta of 0.43. Buenaventura Mining has a 52 week low of $21.04 and a 52 week high of $44.67.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Thursday, October 29th. The mining company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $545.33 million during the quarter, compared to analysts’ expectations of $439.69 million. Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%. As a group, research analysts forecast that Buenaventura Mining will post 3.99 EPS for the current year.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.