Southern Copper (SCCO) increases dividend by 25% in Q4 of 2020 Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Southern Copper As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Southern Copper As of October 10, 2023	SCCO	$4.00	47.1%	-50.0%	100.0%
Copper Producer	5.3%	1	N/A	Quarter	1996

Southern Copper hikes dividend by 25%

Thursday 22 October 2020

Southern Copper Corporation (SCCO) will hike its dividend by another 25.0 percent to 50 cents per share. In the previous quarter SCCO doubled its quarterly dividend to 40 cents per share. This came after a cut of 50.0 percent in the quarterly dividend to $0.20 per share earlier in 2020. The copper producer also reduced its dividend in 2015, 2013 and 2012.

The next dividend will be paid on November 24, 2020 to shareholders of record on November 11, 2020. A new annual dividend rate of $2.00 per share yields 3.9% based at a stock price of $51.95.

Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. The company has operations in Peru and Mexico. Southern Copper Corporation has paid a dividend to shareholders every year since at least 1996.

Southern Copper

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