Southern Copper Co. (SCCO) to Issue Quarterly Dividend of $0.70 on February 27th

Southern Copper Co. (NYSE:SCCO) announced a quarterly dividend on Thursday, January 23rd,NASDAQ Dividends reports. Investors of record on Tuesday, February 11th will be paid a dividend of 0.70 per share by the basic materials company on Thursday, February 27th. This represents a $2.80 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Southern Copper’s previous quarterly dividend of $0.60.

Southern Copper has decreased its dividend by an average of 37.0% annually over the last three years.

Southern Copper Stock Performance

SCCO opened at $96.84 on Friday. The stock has a 50-day moving average of $95.75 and a 200-day moving average of $102.36. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. Southern Copper has a 52-week low of $77.42 and a 52-week high of $129.79. The company has a market cap of $76.07 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13.

Analyst Upgrades and Downgrades

SCCO has been the subject of several research analyst reports. Scotiabank cut their price objective on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price for the company in a research report on Monday, December 2nd. Finally, Morgan Stanley upgraded shares of Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $94.81.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.