South32 Ltd (S32) to Issue Dividend of $0.07
South32 Ltd (LON:S32) declared a dividend on Thursday, February 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, March 8th will be given a dividend of $0.07 per share on Thursday, April 5th. This represents a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from South32’s previous dividend of $0.06. The official announcement can be seen at this link.
South32 (LON S32) traded down GBX 4.20 ($0.06) during trading on Friday, hitting GBX 181.80 ($2.51). 3,044,546 shares of the stock traded hands, compared to its average volume of 3,400,000. South32 has a 52-week low of GBX 143.25 ($1.98) and a 52-week high of GBX 236 ($3.26).
Several research firms have recently weighed in on S32. Barclays reaffirmed an “overweight” rating on shares of South32 in a report on Thursday, January 18th. Citigroup cut South32 to a “neutral” rating and increased their target price for the company from GBX 210 ($2.90) to GBX 220 ($3.04) in a research note on Thursday, January 18th. Deutsche Bank reissued a “sell” rating and issued a GBX 170 ($2.35) target price on shares of South32 in a research note on Thursday, December 7th. Macquarie reissued a “neutral” rating and issued a GBX 210 ($2.90) target price on shares of South32 in a research note on Friday, February 2nd. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 150 ($2.07) target price on shares of South32 in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 188.56 ($2.61).
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South32 Limited is a metals and mining company. The Company’s segments include Worsley Alumina, which includes an integrated bauxite mine and alumina refinery in Western Australia; South Africa Aluminium, which includes an aluminum smelter in Richards Bay; Brazil Alumina, which includes an alumina refinery in Brazil; Mozal Aluminium, including an aluminum smelter in Mozambique; South Africa Energy Coal, including open-cut and underground energy coal mines and processing operations in South Africa; Illawarra Metallurgical Coal, which includes underground metallurgical coal mines in New South Wales; Australia Manganese, which produces manganese ore in the Northern Territory and manganese alloys in Tasmania; South Africa Manganese, which produces manganese ore and alloy in South Africa; Cerro Matoso, including an integrated laterite ferronickel mining and smelting complex in Colombia, and Cannington, including silver, lead and zinc mine in Queensland.
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