Southern Copper Corporation (SCCO) To Go Ex-Dividend on May 13th

Southern Copper Corporation (NYSE:SCCO) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Wednesday, May 13th will be paid a dividend of 1.00 per share by the basic materials company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, May 13th.

Southern Copper has raised its dividend payment by an average of 0.2%per year over the last three years. Southern Copper has a dividend payout ratio of 90.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Southern Copper to earn $6.79 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 58.9%.

Southern Copper Trading Down 0.7%

Shares of SCCO stock opened at $180.96 on Friday. Southern Copper has a 52-week low of $86.59 and a 52-week high of $223.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.40 and a current ratio of 3.89. The firm has a market capitalization of $148.22 billion, a PE ratio of 34.01, a PEG ratio of 1.83 and a beta of 1.16. The stock has a fifty day simple moving average of $185.81 and a two-hundred day simple moving average of $163.20.

Southern Copper shares are scheduled to split on Wednesday, May 13th. The 1.01-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, May 12th.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Wednesday, January 28th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Southern Copper had a return on equity of 41.97% and a net margin of 32.30%.The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the business posted $0.98 EPS. On average, analysts predict that Southern Copper will post 6.79 EPS for the current fiscal year.

Southern Copper News Roundup

Here are the key news stories impacting Southern Copper this week:

• Positive Sentiment: Quarterly dividend announced — SCCO declared a $1.00 quarterly dividend (annualized yield ~2.2%). Record date is May 13 and payment date is May 29; that steady cash return is a supportive factor for income-minded investors.
• Neutral Sentiment: News about a different, similarly named company (Great Southern Copper PLC) raising funds via warrants — not the same issuer as SCCO, so unlikely to materially affect Southern Copper’s fundamentals. Great Southern Copper Raises Funds via Warrant Exercise and Increases Share Capital
• Negative Sentiment: Leadership uncertainty after the sudden death of the CEO — multiple outlets flag management transition risk and investor concern that the firm faces an earnings/operational test during the change, a direct driver of today’s downside pressure. Why Southern Copper (SCCO) Is Down 5.1% After Sudden CEO Death And Leadership Uncertainty Southern Copper faces earnings test amid leadership transition
• Negative Sentiment: Unusually large put-option buying — investors purchased ~10,968 put contracts (≈68% above typical put volume), signaling elevated bearish positioning or hedging activity that can amplify downward price moves.
• Negative Sentiment: Analyst sentiment is weak: SCCO’s consensus is around a “Reduce”/average reduce rating and Scotiabank’s recent note raised its price target to $133 but maintained a “sector underperform” rating (target still well below the current share price), reinforcing downside expectations. Southern Copper Corporation (NYSE:SCCO) Given Average Rating of “Reduce” by Analysts Scotiabank raises price target to $133 (Benzinga)
• Negative Sentiment: Critical equity research and commentary highlight valuation risk — recent pieces argue SCCO is an expensive copper exposure that cannot afford operational missteps, increasing sensitivity to the current leadership and earnings risk. Southern Copper: An Expensive Copper Story That Cannot Afford A Misstep

Southern Copper Company Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.