{"id":6388,"date":"2012-10-20T11:40:55","date_gmt":"2012-10-20T15:40:55","guid":{"rendered":"http:\/\/www.pgm-blog.com\/?p=6388"},"modified":"2012-10-20T11:40:55","modified_gmt":"2012-10-20T15:40:55","slug":"southern-copper-declares-blockbuster-q3-2012-dividend","status":"publish","type":"post","link":"https:\/\/www.pgmcapital.com\/nl\/southern-copper-declares-blockbuster-q3-2012-dividend\/","title":{"rendered":"Southern Copper declares Blockbuster Q3-2012 Dividend"},"content":{"rendered":"<p><a href=\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2012\/10\/Toquepala-Mine.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-6391\" title=\"Toquepala Mine\" src=\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2012\/10\/Toquepala-Mine.jpeg\" alt=\"\" width=\"300\" height=\"250\" \/><\/a><a href=\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2012\/10\/Southern-Copper-Logo1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6396 alignright\" title=\"Southern Copper Logo\" src=\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2012\/10\/Southern-Copper-Logo1.png\" alt=\"\" width=\"215\" height=\"69\" \/><\/a><\/p>\n<p>Dear\u00a0<strong>PGM Capital<\/strong>\u00a0Blog readers,<br \/>\nOn Thursday, October 18<sup>th<\/sup> 2012, after the bell, <strong>Souther Copper Corporation<\/strong>\u00a0 (NYSE:\u00a0SCCO, ISIN US84265V1052) announced a blockbuster Q3-2012, dividend of<br \/>\n<strong>USD 2.75<\/strong> a share payable on November 21<sup>st<\/sup> 2012, to shareholders of record on<br \/>\nNovember 8<sup>th<\/sup> 2012.<\/p>\n<p>This Q3-2012 dividend payment will be the company&#8217;s highest dividend payout ever.<\/p>\n<p><a title=\"SOUTHERN COPPER CORPORATION\" href=\"http:\/\/www.southerncoppercorporation.com\/ENG\/about\/Pages\/Home.aspx\" target=\"_blank\">Source:<\/a><\/p>\n<p><strong>About the Company<br \/>\n<\/strong>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.<\/p>\n<p>Here below you&#8217;ll find an all-time chart of Southern Copper Corporation<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2012\/10\/Southern-Copper-all-time-chart-Oct-18-2012.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-6401 aligncenter\" title=\"Southern Copper all time chart Oct 18 2012\" src=\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2012\/10\/Southern-Copper-all-time-chart-Oct-18-2012.png\" alt=\"\" width=\"545\" height=\"240\" \/><\/a><\/p>\n<p>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 &#8211; 9% per year.<\/p>\n<p>Based on the Southern Copper fundamentals, strong balance sheet, with a Current- and Quick ratio of \u00a0respectively of 4.1 and 3.2 we have a <span style=\"color: #339966;\"><strong>BUY RATING<\/strong><\/span> on the Company.<\/p>\n<p>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\u00a0volatile and that sharp corrections may happen in the short term.<\/p>\n<p>Yours Sincerely,<\/p>\n<p>Eric Panneflek<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear\u00a0PGM Capital\u00a0Blog readers, On Thursday, October 18th 2012, after the bell, Souther Copper Corporation\u00a0 (NYSE:\u00a0SCCO, ISIN US84265V1052) announced a blockbuster Q3-2012, dividend of USD 2.75 a share payable on November 21st 2012, to shareholders of record on November 8th 2012. This Q3-2012 dividend payment will be the company&#8217;s highest dividend payout ever. Source: About the<a href=\"https:\/\/www.pgmcapital.com\/nl\/southern-copper-declares-blockbuster-q3-2012-dividend\/\">[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,25,9,10,19,15,1,18],"tags":[],"class_list":["post-6388","post","type-post","status-publish","format-standard","hentry","category-commodities","category-dividend-declaration","category-emerging-markets","category-eric-panneflek","category-financial-news","category-pgm-capital","category-uncategorized","category-world-economic-outlook"],"_links":{"self":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/6388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/comments?post=6388"}],"version-history":[{"count":0,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/6388\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media?parent=6388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/categories?post=6388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/tags?post=6388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}