Southern Copper Corporation (SCCO) will increase its quarterly dividend by another 28.6 percent to 90 cents per share in Q3 of 2021. This marks the third dividend hike in 2021 for a total increase of 80 percent. However, don't forget that SCCO cut its dividend in 2020, 2015, 2013 and 2012.

The next dividend will be paid on August 26, 2021 to shareholders of record on August 12, 2021. A new annual dividend rate of $3.60 per share yields 5.7% based at a stock price of $63. Southern Copper Corporation will now pay an estimated $2.78 billion annually in dividends to its shareholders. 

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.