Silvercorp Metals Inc. (NYSEAMERICAN:SVM) to Issue Dividend of $0.01

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) declared a dividend on Wednesday, November 4th. Stockholders of record on Friday, November 27th will be given a dividend of $0.0125 per share on Friday, December 11th. This represents a dividend yield of 29.0%. The ex-dividend date is Friday, November 27th.

Silvercorp Metals has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Silvercorp Metals to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 3.0%.

Silvercorp Metals Trading Up 8.7%

SVM opened at $8.64 on Thursday. Silvercorp Metals has a one year low of $5.97 and a one year high of $15.77. The company has a market cap of $1.91 billion, a P/E ratio of 72.01 and a beta of 1.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.46 and a current ratio of 3.51. The business’s 50-day simple moving average is $10.68 and its 200-day simple moving average is $11.22.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its earnings results on Monday, August 10th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $138.67 million for the quarter, compared to analyst estimates of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%. During the same quarter last year, the company earned $0.08 EPS. As a group, equities research analysts expect that Silvercorp Metals will post 0.63 EPS for the current fiscal year.

Silvercorp Metals declared that its Board of Directors has approved a stock buyback plan on Thursday, September 17th that authorizes the company to buy back 8,850,000 shares. This repurchase authorization authorizes the company to repurchase up to 4% of its shares through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. The company’s production profile is centered on silver, lead and zinc, with its operations and mineral projects located primarily in China and Ecuador.

In China, Silvercorp operates the Ying Mining District in Henan Province, which includes the Ying, HPG and TLP mines. These underground operations produce silver-lead and zinc-lead concentrates for sale to smelters and other customers.