Silver Standard Resources Inc. (SSRM) to Issue Quarterly Dividend of $0.03 on December 11th

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.03 per share by the basic materials company on Friday, December 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, November 13th.

Silver Standard Resources has a dividend payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Silver Standard Resources to earn $2.94 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 4.1%.

Silver Standard Resources Stock Performance

SSRM stock opened at $28.15 on Thursday. The firm has a market cap of $5.67 billion, a P/E ratio of 7.86, a P/E/G ratio of 5.52 and a beta of -0.09. The firm’s fifty day moving average is $33.69 and its 200 day moving average is $30.33. Silver Standard Resources has a 52 week low of $18.19 and a 52 week high of $39.44.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $447.65 million for the quarter, compared to analysts’ expectations of $454.47 million. Silver Standard Resources had a return on equity of 17.81% and a net margin of 12.64%. As a group, analysts forecast that Silver Standard Resources will post 3.82 EPS for the current year.

Silver Standard Resources Company Profile

Silver Standard Resources, now known as SSR Mining Inc (NASDAQ: SSRM), is a precious metals mining company focused primarily on the exploration, development and production of gold and silver. The company’s operations have included open-pit and underground mines, processing facilities and exploration properties in the Americas and Türkiye.

SSR Mining has historically operated the Marigold gold mine in Nevada, the Seabee gold operation in Saskatchewan, Canada, and the Puna silver-lead-zinc complex in Jujuy, Argentina.