Southern Copper (NYSE:SCCO) Has Announced That Its Dividend Will Be Reduced To $0.80 [Yahoo! Finance]
Southern Copper Corporation (SCCO)
Last southern copper corporation earnings: 2/26 04:01 pm
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US:NYSE Investor Relations:
southernperu.com/eng/invrel
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Source: Yahoo! Finance
However, the dividend yield of 5.0% is still a decent boost to shareholder returns. See our latest analysis for Southern Copper Southern Copper Doesn't Earn Enough To Cover Its Payments A big dividend yield for a few years doesn't mean much if it can't be sustained. Based on the last payment, the company wasn't making enough to cover what it was paying to shareholders. Without profits and cash flows increasing, it would be difficult for the company to continue paying the dividend at this level. The next 12 months is set to see EPS grow by 36.3%. If the dividend continues on its recent course, the payout ratio in 12 months could be 102%, which is a bit high and could start applying pressure to the balance sheet. Dividend Volatility While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. Since 2014, the annual payment back then was $0.68, compared to the most recent full-year payment of $4.00. This implies tha
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SCCO
News
- Southern Copper Co. (NYSE: SCCO) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Southern Copper Co. (NYSE: SCCO) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Southern Copper (SCCO) Q1 Earnings Beat, Fall Y/Y on Low Prices [Yahoo! Finance]Yahoo! Finance
- Southern Copper Co. (NYSE: SCCO) had its price target raised by analysts at Morgan Stanley from $123.00 to $135.00. They now have an "underweight" rating on the stock.MarketBeat
- Southern Copper Co. (NYSE: SCCO) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
SCCO
Earnings
- 4/25/24 - Beat
SCCO
Sec Filings
- 5/1/24 - Form 4/A
- 5/1/24 - Form 4
- 4/30/24 - Form 4
- SCCO's page on the SEC website