Sociedad Quimica y Minera S.A. (SQM) To Go Ex-Dividend on September 8th

Sociedad Quimica y Minera S.A. (NYSE:SQM) declared a special dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 8th will be given a dividend of 1.435 per share by the basic materials company on Monday, September 21st. The ex-dividend date is Tuesday, September 8th.

Sociedad Quimica y Minera has decreased its dividend by an average of 0.3%annually over the last three years. Sociedad Quimica y Minera has a payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sociedad Quimica y Minera to earn $8.25 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 32.0%.

Sociedad Quimica y Minera Stock Down 2.2%

Shares of NYSE:SQM opened at $78.69 on Friday. The firm has a market capitalization of $22.48 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 0.28 and a beta of 0.98. Sociedad Quimica y Minera has a 1 year low of $40.58 and a 1 year high of $98.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.76 and a quick ratio of 2.01. The firm’s 50-day moving average is $72.79 and its two-hundred day moving average is $77.89.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data on Friday, August 14th. The basic materials company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.03 by $0.28. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.24 billion. Sociedad Quimica y Minera had a net margin of 20.62% and a return on equity of 19.08%. The business’s revenue for the quarter was up 136.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. Analysts predict that Sociedad Quimica y Minera will post 7.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SQM. Sequoia Financial Advisors LLC increased its position in shares of Sociedad Quimica y Minera by 5.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,767 shares of the basic materials company’s stock valued at $305,000 after purchasing an additional 210 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Sociedad Quimica y Minera by 43.2% during the 1st quarter. Parallel Advisors LLC now owns 822 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 248 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Sociedad Quimica y Minera by 1.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,363 shares of the basic materials company’s stock worth $988,000 after purchasing an additional 257 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Sociedad Quimica y Minera by 59.5% during the first quarter. EverSource Wealth Advisors LLC now owns 839 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 313 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Sociedad Quimica y Minera by 45.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,122 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.