Southern Copper Corporation is a prominent mining company specializing in copper production. With operations in Peru, Mexico, and Chile, it’s a leading copper producer globally. Southern Copper’s commitment to sustainable practices and cutting-edge technology has made it a key player in the mining industry, contributing to the supply of essential copper resources worldwide.
• Southern Copper announced a Quarterly dividend of $0.8 per ordinary share which will be made payable on 2024-02-29. Ex dividend date: 2024-02-12
• Southern Copper annual dividend for 2023 was $4.00
• Southern Copper dividend growth for 2022 - 2023 was 14.29%
• Typically, Southern Copper pays dividends four times
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 12-02-2024 | $ 0.80 | Quarterly | 29-02-2024 |
| 07-11-2023 | $ 1.00 | Quarterly | 22-11-2023 |
| 08-08-2023 | $ 1.00 | Quarterly | 23-08-2023 |
| 08-05-2023 | $ 1.00 | Quarterly | 23-05-2023 |
| 13-02-2023 | $ 1.00 | Quarterly | 01-03-2023 |
| 08-11-2022 | $ 0.50 | Quarterly | 23-11-2022 |
| 10-08-2022 | $ 0.75 | Quarterly | 25-08-2022 |
| 16-05-2022 | $ 1.25 | Quarterly | 31-05-2022 |
| 14-02-2022 | $ 1.00 | Quarterly | 02-03-2022 |
| 09-11-2021 | $ 1.00 | Quarterly | 23-11-2021 |
| 11-08-2021 | $ 0.90 | Quarterly | 26-08-2021 |
| 10-05-2021 | $ 0.70 | Quarterly | 25-05-2021 |
| 09-02-2021 | $ 0.60 | Quarterly | 24-02-2021 |
| 09-11-2020 | $ 0.50 | Quarterly | 24-11-2020 |
| 11-08-2020 | $ 0.40 | Quarterly | 25-08-2020 |
| 12-05-2020 | $ 0.20 | Quarterly | 26-05-2020 |
| 09-03-2020 | $ 0.40 | Quarterly | 24-03-2020 |
| 06-11-2019 | $ 0.40 | Quarterly | 21-11-2019 |
| 07-08-2019 | $ 0.40 | Quarterly | 22-08-2019 |
| 02-05-2019 | $ 0.40 | Quarterly | 17-05-2019 |
| 11-02-2019 | $ 0.40 | Quarterly | 26-02-2019 |
| 08-02-2019 | $ 0.44 | Other | 21-02-2019 |
| 06-11-2018 | $ 0.39 | Quarterly | 21-11-2018 |
| 07-08-2018 | $ 0.39 | Quarterly | 21-08-2018 |
| 08-05-2018 | $ 0.30 | Quarterly | 23-05-2018 |
| 12-02-2018 | $ 0.30 | Quarterly | 27-02-2018 |
| 07-11-2017 | $ 0.25 | Quarterly | 22-11-2017 |
| 07-08-2017 | $ 0.14 | Quarterly | 23-08-2017 |
| 15-05-2017 | $ 0.12 | Quarterly | 31-05-2017 |
| 10-02-2017 | $ 0.08 | Quarterly | 28-02-2017 |
| 07-11-2016 | $ 0.05 | Quarterly | 29-11-2016 |
| 09-08-2016 | $ 0.05 | Quarterly | 25-08-2016 |
| 06-05-2016 | $ 0.05 | Quarterly | 24-05-2016 |
| 11-02-2016 | $ 0.03 | Quarterly | 01-03-2016 |
| 06-11-2015 | $ 0.04 | Quarterly | 24-11-2015 |
| 11-08-2015 | $ 0.10 | Quarterly | 27-08-2015 |
| 11-05-2015 | $ 0.10 | Quarterly | 27-05-2015 |
| 12-02-2015 | $ 0.10 | Quarterly | 03-03-2015 |
| 06-11-2014 | $ 0.12 | Quarterly | 25-11-2014 |
| 13-08-2014 | $ 0.12 | Quarterly | 28-08-2014 |
| 22-05-2014 | $ 0.10 | Quarterly | 10-06-2014 |
| 13-02-2014 | $ 0.12 | Quarterly | 04-03-2014 |
| 05-11-2013 | $ 0.12 | Quarterly | 21-11-2013 |
| 05-08-2013 | $ 0.12 | Quarterly | 20-08-2013 |
| 06-05-2013 | $ 0.20 | Quarterly | 21-05-2013 |
| 11-02-2013 | $ 0.24 | Quarterly | 26-02-2013 |
| 06-11-2012 | $ 2.75 | Quarterly | 21-11-2012 |
| 13-08-2012 | $ 0.24 | Quarterly | 28-08-2012 |
| 09-05-2012 | $ 0.52 | Quarterly | 24-05-2012 |
| 13-02-2012 | $ 0.19 | Quarterly | 28-02-2012 |
| 14-11-2011 | $ 0.69 | Quarterly | 29-11-2011 |
| 15-08-2011 | $ 0.61 | Quarterly | 31-08-2011 |
| 02-05-2011 | $ 0.55 | Quarterly | 18-05-2011 |
| 11-02-2011 | $ 0.57 | Quarterly | 01-03-2011 |
| 12-11-2010 | $ 0.42 | Quarterly | 30-11-2010 |
| 10-08-2010 | $ 0.37 | Quarterly | 25-08-2010 |
| 10-05-2010 | $ 0.44 | Quarterly | 25-05-2010 |
| 17-02-2010 | $ 0.42 | Quarterly | 04-03-2010 |
Are you planning on buying Southern Copper? Calculate your expected dividend yield:
Southern Copper Corporation’s dividend policy reflects its commitment to rewarding shareholders while maintaining financial prudence. The company, a leading producer of copper and other base metals, has a history of providing consistent dividends. They typically aim for a sustainable dividend payout ratio, considering market conditions and capital needs. As a commodity-driven business, dividends may vary with metal prices. Southern Copper’s approach seeks to balance rewarding shareholders with reinvesting in operations, ensuring long-term growth. This commitment to shareholder value, coupled with their strong position in the mining industry, makes Southern Copper an appealing choice for investors seeking income and exposure to base metal markets.
Other factors to consider when evaluating Southern Copper as a dividend stock include its dividend yield, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company’s ability to maintain or increase its dividend in the future.
Place an order: Use the brokerage’s trading platform to place an order to buy Southern Copper stock.
Remember that buying stocks involves risk, and it’s important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Southern Copper’s board of directors reviews the company’s financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Southern Copper publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Southern Copper distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder’s brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Southern Copper are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction’s tax regulations.
1. Record Date: Southern Copper sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Southern Copper distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder’s brokerage account or bank account.
3. Currency: Company-Name declares the currency in which the dividend will be paid. Depending on the shareholder’s location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Southern Copper’s dividend, it is crucial to analyze the company’s financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company’s future earnings, cash flow projections, and management’s commitment to dividend policies can provide valuable insights.
It is recommended to review Southern Copper’s financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company’s financial situation.
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