First Majestic Silver Corp. (AG) to Issue Quarterly Dividend of $0.02 on August 31st

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 14th will be given a dividend of 0.0152 per share by the mining company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, August 14th.

First Majestic Silver has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Majestic Silver to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 6.7%.

First Majestic Silver Trading Up 0.7%

AG stock opened at $18.98 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.38 and a current ratio of 2.57. The company’s 50-day simple moving average is $17.06 and its 200 day simple moving average is $20.61. First Majestic Silver has a 52 week low of $8.34 and a 52 week high of $32.03. The company has a market capitalization of $9.35 billion, a PE ratio of 26.74 and a beta of 0.94.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Thursday, July 30th. The mining company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The business had revenue of $415.50 million for the quarter, compared to the consensus estimate of $496.00 million. First Majestic Silver had a return on equity of 13.36% and a net margin of 21.18%.First Majestic Silver’s revenue was up 57.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, sell-side analysts anticipate that First Majestic Silver will post 0.81 earnings per share for the current year.

About First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.