Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) declared a Semi-Annual dividend on Wednesday, February 21st, Zacks reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.008 per share by the mining company on Thursday, March 29th. This represents a dividend yield of 0.2%. The ex-dividend date is Thursday, March 8th.
Hudbay Minerals has decreased its dividend by an average of 5.1% annually over the last three years. Hudbay Minerals has a dividend payout ratio of 4.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hudbay Minerals to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 1.9%.
Hudbay Minerals (NYSE:HBM) traded up $0.17 on Wednesday, reaching $7.97. The company had a trading volume of 93,811 shares, compared to its average volume of 871,280. The firm has a market capitalization of $2,037.92, a PE ratio of 14.18 and a beta of 2.96. Hudbay Minerals has a 52-week low of $4.60 and a 52-week high of $10.25. The company has a current ratio of 1.87, a quick ratio of 1.47 and a debt-to-equity ratio of 0.49.
About Hudbay Minerals
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
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