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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) declared a dividend on Friday, May 22nd. Stockholders of record on Friday, June 5th will be paid 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% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 2.6%

Shares of NYSEAMERICAN SVM opened at $13.21 on Wednesday. The company has a market capitalization of $2.92 billion, a P/E ratio of -330.17 and a beta of 1.08. Silvercorp Metals has a 52-week low of $3.96 and a 52-week high of $15.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.50 and a current ratio of 3.58. The company’s 50 day moving average price is $12.05 and its 200-day moving average price is $10.61.

About Silvercorp Metals

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.