First Majestic Silver Corp. (AG) to Issue Quarterly Dividend of $0.01 on November 30th

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 16th will be given a dividend of $0.0142 per share by the mining company on Monday, November 30th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, November 16th. This is a 6.6% decrease from First Majestic Silver’s previous quarterly dividend of $0.0152.

First Majestic Silver has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Majestic Silver to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 6.8%.

First Majestic Silver Stock Down 3.6%

Shares of AG stock opened at $14.84 on Friday. The stock’s 50 day simple moving average is $17.76 and its 200 day simple moving average is $19.90. First Majestic Silver has a twelve month low of $10.72 and a twelve month high of $32.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.38 and a current ratio of 2.57. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 20.89 and a beta of 0.98.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Thursday, November 5th. The mining company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. First Majestic Silver had a return on equity of 13.36% and a net margin of 21.18%. The firm had revenue of $394.10 million during the quarter, compared to analysts’ expectations of $390.00 million. As a group, research analysts predict that First Majestic Silver will post 0.80 EPS for the current year.

First Majestic Silver Company Profile

First Majestic Silver Corp. is a mining company focused on the exploration, development, and production of silver and gold. The company operates producing mines in Mexico and the United States and sells silver bullion and related products through its in-house First Mint division.

First Majestic’s Mexican operations include the San Dimas Silver/Gold Mine in Durango, the Santa Elena Silver/Gold Mine in Sonora, and the La Encantada Silver Mine in Coahuila. The company also owns the Jerritt Canyon Gold Mine in Nevada, although operations there have been suspended while First Majestic evaluates its future.

Founded in 2002 and headquartered in Vancouver, British Columbia, First Majestic has historically concentrated its growth strategy on acquiring and developing precious-metals assets in the Americas.