Southern Copper declares Blockbuster Q3-2012 Dividend

Dear PGM Capital Blog readers,
On Thursday, October 18^th 2012, after the bell, Souther Copper Corporation  (NYSE: SCCO, ISIN US84265V1052) announced a blockbuster Q3-2012, dividend of
USD 2.75 a share payable on November 21^st 2012, to shareholders of record on
November 8^th 2012.

This Q3-2012 dividend payment will be the company’s highest dividend payout ever.

Source:

About the Company
The company, which is owned approx. 81.3% by Grupo Mexico, is one of the largest integrated copper producers in the world, which, besides copper, also produces molybdenum, zinc, lead, coal and silver.

Here below you’ll find an all-time chart of Southern Copper Corporation

Since 2003, the company has had a history of paying a dividend which is higher than those of its peers and with an average yield of between 6 – 9% per year.

Based on the Southern Copper fundamentals, strong balance sheet, with a Current- and Quick ratio of  respectively of 4.1 and 3.2 we have a BUY RATING on the Company.

Last but not least, before following any investing advice, always take your investment horizon and risk tolerance into consideration and keep in mind that the price of Commodities, industrial metals as well as the stocks of their producers can be very volatile and that sharp corrections may happen in the short term.

Yours Sincerely,

Eric Panneflek