Silvercorp Metals Inc. (SVM) to Issue Dividend of $0.01 on December 11th

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) declared a dividend on Wednesday, November 4th. Investors of record on Friday, November 27th will be given a dividend of $0.0125 per share on Friday, December 11th. This represents a yield of 29.0%. The ex-dividend date of this dividend is Friday, November 27th.

Silvercorp Metals has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Silvercorp Metals to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 3.0%.

Silvercorp Metals Price Performance

NYSEAMERICAN SVM opened at $8.34 on Friday. The company has a 50 day simple moving average of $10.59 and a 200-day simple moving average of $11.21. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 69.51 and a beta of 1.23. Silvercorp Metals has a 52-week low of $5.97 and a 52-week high of $15.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. The business had revenue of $72.10 million for the quarter, compared to analysts’ expectations of $72.10 million. Equities research analysts predict that Silvercorp Metals will post 0.63 earnings per share for the current fiscal year.

Silvercorp Metals declared that its board has approved a share repurchase program on Thursday, September 17th that permits the company to buy back 8,850,000 outstanding shares. This repurchase authorization permits the company to purchase up to 4% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. The company’s production profile is centered on silver, lead and zinc, with its operations and mineral projects located primarily in China and Ecuador.

In China, Silvercorp operates the Ying Mining District in Henan Province, which includes the Ying, HPG and TLP mines. These underground operations produce silver-lead and zinc-lead concentrates for sale to smelters and other customers.