Nexa Resources S.A. (NYSE:NEXA) Announces Special Dividend of $0.13

Nexa Resources S.A. (NYSE:NEXA) declared a special dividend on Wednesday, March 4th. Investors of record on Tuesday, July 28th will be given a dividend of 0.1321 per share on Tuesday, August 11th. The ex-dividend date is Tuesday, July 28th.

Nexa Resources has decreased its dividend by an average of 1.0%annually over the last three years. Nexa Resources has a payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nexa Resources to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 11.5%.

Nexa Resources Stock Performance

NYSE:NEXA opened at $12.47 on Thursday. Nexa Resources has a 1 year low of $4.44 and a 1 year high of $14.94. The stock’s fifty day moving average price is $11.62 and its two-hundred day moving average price is $7.87. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.58 and a current ratio of 0.87.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. Nexa Resources had a return on equity of 11.81% and a net margin of 4.42%.The company had revenue of $903.00 million for the quarter, compared to analyst estimates of $823.27 million. On average, research analysts anticipate that Nexa Resources will post 1.03 earnings per share for the current year.

Nexa Resources Company Profile

Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.

The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.