First Majestic Silver Corp. (NYSE:AG) Plans Quarterly Dividend of $0.01

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 16th will be given a dividend of $0.0142 per share by the mining company on Monday, November 30th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, November 16th. This is a 6.6% decrease from First Majestic Silver’s previous quarterly dividend of $0.0152.

First Majestic Silver has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Majestic Silver to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 6.8%.

First Majestic Silver Price Performance

AG opened at $14.84 on Friday. The firm has a 50-day moving average price of $17.76 and a 200-day moving average price of $19.90. First Majestic Silver has a twelve month low of $10.72 and a twelve month high of $32.03. The company has a quick ratio of 2.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 20.89 and a beta of 0.98.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, November 5th. The mining company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $394.10 million for the quarter, compared to analysts’ expectations of $390.00 million. First Majestic Silver had a net margin of 21.18% and a return on equity of 13.36%. Equities analysts expect that First Majestic Silver will post 0.80 EPS for the current year.

About First Majestic Silver

First Majestic Silver Corp. is a mining company focused on the exploration, development, and production of silver and gold. The company operates producing mines in Mexico and the United States and sells silver bullion and related products through its in-house First Mint division.

First Majestic’s Mexican operations include the San Dimas Silver/Gold Mine in Durango, the Santa Elena Silver/Gold Mine in Sonora, and the La Encantada Silver Mine in Coahuila. The company also owns the Jerritt Canyon Gold Mine in Nevada, although operations there have been suspended while First Majestic evaluates its future.

Founded in 2002 and headquartered in Vancouver, British Columbia, First Majestic has historically concentrated its growth strategy on acquiring and developing precious-metals assets in the Americas.