Sociedad Quimica y Minera S.A. (SQM) to Issue Special Dividend of $1.44 on September 21st

Sociedad Quimica y Minera S.A. (NYSE:SQM) announced a special dividend on Thursday, August 27th. Investors of record on Tuesday, September 8th will be paid a dividend of 1.435 per share by the basic materials company on Monday, September 21st. The ex-dividend date is Tuesday, September 8th.

Sociedad Quimica y Minera has decreased its dividend payment by an average of 0.3%annually over the last three years. Sociedad Quimica y Minera has a payout ratio of 47.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sociedad Quimica y Minera to earn $8.10 per share next year, which means the company should continue to be able to cover its $1.71 annual dividend with an expected future payout ratio of 21.1%.

Sociedad Quimica y Minera Trading Down 4.1%

Shares of Sociedad Quimica y Minera stock opened at $76.52 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.01 and a current ratio of 2.76. The company has a market capitalization of $21.86 billion, a P/E ratio of 15.78, a PEG ratio of 0.26 and a beta of 0.99. Sociedad Quimica y Minera has a 1 year low of $40.58 and a 1 year high of $98.00. The company’s fifty day moving average is $73.24 and its two-hundred day moving average is $78.16.

Sociedad Quimica y Minera (NYSE:SQM) last announced its earnings results on Friday, August 14th. The basic materials company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.28. Sociedad Quimica y Minera had a net margin of 20.62% and a return on equity of 19.08%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was up 136.7% compared to the same quarter last year. Analysts forecast that Sociedad Quimica y Minera will post 7.33 earnings per share for the current year.

Institutional Investors Weigh In On Sociedad Quimica y Minera

A number of hedge funds have recently added to or reduced their stakes in SQM. Sequoia Financial Advisors LLC boosted its holdings in Sociedad Quimica y Minera by 5.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,767 shares of the basic materials company’s stock valued at $305,000 after purchasing an additional 210 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Sociedad Quimica y Minera by 43.2% during the 1st quarter. Parallel Advisors LLC now owns 822 shares of the basic materials company’s stock worth $67,000 after buying an additional 248 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Sociedad Quimica y Minera by 1.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,363 shares of the basic materials company’s stock valued at $988,000 after buying an additional 257 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Sociedad Quimica y Minera by 59.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 839 shares of the basic materials company’s stock valued at $68,000 after buying an additional 313 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of Sociedad Quimica y Minera by 45.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,122 shares of the basic materials company’s stock valued at $77,000 after buying an additional 353 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

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.