Silver Standard Resources Inc. (SSRM) to Distribute Quarterly Dividend of C$0.03 on September 11th

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be given a dividend of 0.03 per share by the basic materials company on Friday, September 11th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, August 14th.

Silver Standard Resources has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Silver Standard Resources to earn $3.90 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 3.1%.

Silver Standard Resources Stock Up 1.8%

NASDAQ SSRM opened at $31.97 on Wednesday. Silver Standard Resources has a fifty-two week low of $15.57 and a fifty-two week high of $36.51. The business has a 50 day moving average price of $28.27 and a two-hundred day moving average price of $28.97. The stock has a market cap of $6.60 billion, a PE ratio of 29.06, a P/E/G ratio of 6.47 and a beta of -0.10.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $443.80 million for the quarter, compared to analyst estimates of $483.84 million. Silver Standard Resources had a return on equity of 16.17% and a net margin of 12.30%. Sell-side analysts anticipate that Silver Standard Resources will post 3.92 EPS for the current fiscal year.

Silver Standard Resources Company Profile

Silver Standard Resources Inc (NASDAQ: SSRM) is a Vancouver‐based precious metals company engaged in the acquisition, exploration, development and production of silver and gold deposits primarily across the Americas. The company’s strategy centers on advancing high‐quality projects into production while maintaining a portfolio of operating mines that deliver consistent metal output. Silver Standard emphasizes sustainable resource development and community partnership at each stage of its operations.

The company’s principal producing assets include the Marigold gold mine in Nevada, which entered commercial production in 2006; the Seabee gold operation in Saskatchewan, Canada, acquired in 2016; and the Pirquitas silver‐gold mine in Argentina, which began producing in 2009.