- Southern Copper’s annualized regular dividend of $3.96 yields roughly 2.17% at $182.71 per share.
- Record second-quarter revenue and net income were driven by stronger metal prices, while copper sales volume declined.
- SCCO dividends remain tied to copper-market conditions, making the stock a variable income investment rather than a bond substitute.
Dividend Snapshot
Southern Copper’s annualized regular dividend of $3.96 produces a forward yield of roughly 2.17% at $182.71 per share. That is below its 3.83% five-year average yield, largely because the stock has risen sharply from its 52-week low of $88.68.
The supplied dividend history lists the latest regular quarterly payment at $0.99 per share, up slightly from $0.9822. Shares most recently traded ex-dividend on August 11, with payment scheduled for August 27.
Investors buying after the ex-dividend date will not receive that upcoming payment. Reports also identified a $1.10 quarterly cash dividend, alongside a small stock dividend.
Investors should verify the company’s formal declaration and distinguish regular payments from any supplemental or stock-based distribution before annualizing the higher figure.
Earnings Support
Southern Copper delivered record second-quarter revenue and net income as stronger metal prices offset lower copper sales volume. Pricing, rather than expanding production, drove the earnings strength.
The company’s trailing net margin is about 35.9%, return on equity is 49.9%, and operating cash flow was $8.59 per share. These metrics support shareholder returns when copper prices cooperate.
Forecasts call for modest earnings and revenue growth, while estimated EPS growth is especially subdued. With shares trading at roughly 27 times trailing earnings, SCCO is not priced like a slow-growth value income stock.
Institutional Activity
Recent ownership filings offer a mildly positive sentiment signal. One manager disclosed an approximately $7.82 million SCCO investment, while another reported acquiring 29,333 shares. A separate holder trimmed its stake.
These filings are not buy or sell signals and may reflect rebalancing. Copper prices, Chinese industrial demand, mine output, costs and capital-spending plans will matter more for SCCO dividends and future cash flow.
SCCO Dividends Remain Commodity-Linked
Southern Copper offers a profitable copper franchise with long-term support from electrification, grid investment, renewables and infrastructure demand. The latest payment implies a 41% one-year growth rate, although that pace is unlikely to remain steady through every commodity cycle.
For income investors, SCCO dividends may be most compelling on price weakness that lifts the yield closer to its historical range. Investors should monitor copper prices, production volumes, free cash flow and the next earnings report due October 27 before building a full position.
