Southern Copper Corporation (NYSE:SCCO) Raises Dividend to $1.00 Per Share

Southern Copper Corporation (NYSE:SCCO) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Tuesday, February 10th will be paid a dividend of 1.00 per share by the basic materials company on Friday, February 27th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, February 10th. This is a 11.1% increase from Southern Copper’s previous quarterly dividend of $0.90.

Southern Copper has increased its dividend payment by an average of 0.0%per year over the last three years. Southern Copper has a payout ratio of 90.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Southern Copper to earn $4.57 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 87.5%.

Southern Copper Stock Performance

Shares of SCCO stock opened at $200.10 on Friday. The company has a current ratio of 4.52, a quick ratio of 3.91 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $163.33 and a 200-day simple moving average of $132.12. The company has a market cap of $162.52 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 1.64 and a beta of 1.07. Southern Copper has a 12-month low of $74.84 and a 12-month high of $218.81.

Southern Copper shares are scheduled to split on Tuesday, February 10th. The 1.0085-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Monday, February 9th.

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.