Silvercorp Metals Inc. to Issue Dividend of $0.01 (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) declared a dividend on Friday, May 22nd. Stockholders of record on Friday, June 5th will be given a dividend of 0.0125 per share on Thursday, June 25th. This represents a dividend yield of 21.0%. The ex-dividend date is Friday, June 5th.

Silvercorp Metals has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Silvercorp Metals to earn $1.41 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 2.1%.

Silvercorp Metals Trading Up 2.6%

NYSEAMERICAN SVM opened at $13.21 on Wednesday. Silvercorp Metals has a 12 month low of $3.96 and a 12 month high of $15.77. The company has a 50-day moving average of $12.05 and a 200-day moving average of $10.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.58 and a quick ratio of 3.50. The company has a market cap of $2.92 billion, a P/E ratio of -330.17 and a beta of 1.08.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low?cost, high?grade silver projects, producing concentrates that are sold to smelting partners under long?term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub?district mines, and the GC and HPG silver?lead?zinc projects in Guangxi Province.