Silvercorp Metals Inc. Announces Semi-annual Dividend of $0.01 (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) announced a semi-annual dividend on Monday, November 11th,NASDAQ Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.0125 per share on Friday, December 13th. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, November 29th.

Silvercorp Metals has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Silvercorp Metals to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 9.7%.

Silvercorp Metals Price Performance

NYSEAMERICAN:SVM opened at $3.31 on Wednesday. Silvercorp Metals has a 52 week low of $2.22 and a 52 week high of $5.32. The firm has a market cap of $719.04 million, a P/E ratio of 11.52 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. The business had revenue of $68.00 million during the quarter, compared to analyst estimates of $67.90 million. Equities research analysts expect that Silvercorp Metals will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price objective on Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a research note on Wednesday, August 21st.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.