Southern Copper Corp to Pay $0.70 Dividend on 2/27/25

Southern Copper Corp (SCCO) announced a quarterly dividend of $0.70, affecting stock price. With an estimated yield of 2.96%, expectations appear favorable for ongoing performance.

Date: 07-02-2025

AI Rating: 7

Dividend Announcement: Southern Copper Corp has declared a dividend of $0.70, which is scheduled for payment on 2/27/25. The stock, currently priced at $94.61, will trade ex-dividend on 2/11/25, which is expected to result in a price drop of approximately 0.74% when markets open. This could cause SCCO shares to trade around $93.91 shortly after the ex-dividend date.

Dividend Yield: The annualized yield of approximately 2.96% indicates a reasonable expectation of return for investors. This yield is crucial as it demonstrates the company's commitment to returning value to shareholders, which often positively influences investor sentiment and can potentially support stock prices.

Price Performance: SCCO shares have shown a one-year performance range with a low of $76.1484 and a high of $128.9902, currently trading at $98.25. The recent uptick of about 1.3% in Friday trading suggests a favorable market reaction. Investors may view this upward movement positively when considering stock purchase or hold strategies, anticipating continued growth or stability.

Overall, the combination of a substantial dividend and consistent yield forms a compelling narrative for SCCO. Such factors often lead to investor confidence, potentially stabilizing or lifting stock prices in the near term.

Stocks: SCCO