Silver Standard Resources Inc. (NASDAQ:SSRM) Shareholders to Collect $0.03 Quarterly Dividend

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be given a dividend of $0.03 per share by the basic materials company on Friday, December 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, November 13th.

Silver Standard Resources has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Silver Standard Resources to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 4.1%.

Silver Standard Resources Price Performance

Shares of SSRM opened at $26.16 on Wednesday. Silver Standard Resources has a one year low of $18.19 and a one year high of $39.44. The firm has a market capitalization of $5.27 billion, a P/E ratio of 23.78, a PEG ratio of 5.65 and a beta of -0.09. The business has a fifty day moving average of $33.91 and a 200 day moving average of $30.31.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Tuesday, November 3rd. The basic materials company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $447.65 million for the quarter, compared to the consensus estimate of $454.47 million. Silver Standard Resources had a return on equity of 16.17% and a net margin of 12.30%. Analysts expect that Silver Standard Resources will post 3.82 EPS for the current fiscal year.

Silver Standard Resources Company Profile

Silver Standard Resources, now known as SSR Mining Inc (NASDAQ: SSRM), is a precious metals mining company focused primarily on the exploration, development and production of gold and silver. The company’s operations have included open-pit and underground mines, processing facilities and exploration properties in the Americas and Türkiye.

SSR Mining has historically operated the Marigold gold mine in Nevada, the Seabee gold operation in Saskatchewan, Canada, and the Puna silver-lead-zinc complex in Jujuy, Argentina.