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Tuesday, May 3, 2022

SCCO Increases Dividend -- Reports May 4, 2022

Current dividend for SCCO:

  • $1.00, record date, 2/15/22; pay date, 3/2/22

One can see dividend history here.

I hope I'm not misreading this. From daily dividend announcements today

  • Dividend increase to $1.25, record date 5/17/22 and pay date of 5/31/22.

That's a 25% increase in the dividend.

Earnings?

Yahoo!Finance calendar says earning should have been announced at 4:00 p.m. today, May 3, 2022, but I haven't seen them yet. Over at nasdaq.com, the company is to report earnings tomorrow, May 4, 2022, time unannounced. Estimates, EPS of 98 cents; same quarter last year, 99 cents.

So, that's all I know.

Headlines:

  • Southern Copper Cuajone mine back to full output as protester talks loom
  • Southern Copper reports 10% copper production decline in 1Q22
  • says net income up on higher metal prices

Back of the proverbial envelope:

  • today's close: $62.76; up 1.4%
  • 52-week high: $83.29
  • pays 6.37% ($4/62.76)
  • with increase, $5/62.76 = 8%
  • going the other way:
  • $5 is 6.37% of what? $78

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.  

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