Southern Copper Corp (USA) (NYSE:SCCO)
CAPS Rating:
The Company is an integrated producer of copper and other minerals, and operates mining, smelting and refining facilities in Peru and Mexico.
The Company is an integrated producer of copper and other minerals, and operates mining, smelting and refining facilities in Peru and Mexico.
Recs
Copper is one of the primary minerals needed when industrial construction is growing. As this recession starts to give way to a bull market and construction increases copper will once again climb. SCCO has a dividend of $0.96 with a yield of 2.30%, Good revenue and cash on had, Debt is higher than I would like but the investments in equipment, land and processing mandate this.
That's 2.3% QUARTERLY. The annual dividend is over 9%, and if there's something to fear with this stock, it's that a dividend cut would send the share price tumbling.