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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) announced a semi-annual dividend on Monday, November 11th,NASDAQ Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.0125 per share on Friday, December 13th. This represents a yield of 0.6%. The ex-dividend date is Friday, November 29th.

Silvercorp Metals has a payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Silvercorp Metals to earn $0.31 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 9.7%.

Silvercorp Metals Price Performance

NYSEAMERICAN:SVM opened at $3.26 on Thursday. Silvercorp Metals has a 1-year low of $2.22 and a 1-year high of $5.32. The stock has a market capitalization of $708.16 million, a price-to-earnings ratio of 10.87 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a return on equity of 8.12% and a net margin of 23.07%. The firm had revenue of $68.00 million during the quarter, compared to analyst estimates of $67.90 million. As a group, sell-side analysts expect that Silvercorp Metals will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price target on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a research note on Wednesday, August 21st.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.