Sociedad Quimica y Minera S.A. (SQM) To Go Ex-Dividend on May 8th

Sociedad Quimica y Minera S.A. (NYSE:SQM) declared a quarterly dividend on Wednesday, April 8th. Stockholders of record on Friday, May 8th will be given a dividend of 1.0295 per share by the basic materials company on Tuesday, May 26th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, May 8th.

Sociedad Quimica y Minera has decreased its dividend by an average of 0.3%per year over the last three years. Sociedad Quimica y Minera has a dividend payout ratio of 74.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sociedad Quimica y Minera to earn $7.77 per share next year, which means the company should continue to be able to cover its $2.67 annual dividend with an expected future payout ratio of 34.4%.

Sociedad Quimica y Minera Trading Up 3.2%

Shares of NYSE SQM opened at $92.66 on Wednesday. The stock has a market cap of $26.47 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 0.27 and a beta of 1.00. Sociedad Quimica y Minera has a 52 week low of $29.36 and a 52 week high of $95.46. The company’s 50-day moving average price is $80.86 and its 200 day moving average price is $70.68.

Sociedad Quimica y Minera (NYSE:SQM) last announced its earnings results on Saturday, February 14th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter. Sociedad Quimica y Minera had a net margin of 12.85% and a return on equity of 9.69%. The company had revenue of $1.32 billion during the quarter. As a group, research analysts expect that Sociedad Quimica y Minera will post 6.74 earnings per share for the current year.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.