First Majestic Silver Corp. (NYSE:AG) Plans Quarterly Dividend of $0.00

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.0048 per share by the mining company on Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 29th.

First Majestic Silver has a dividend payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Majestic Silver to earn $0.80 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 2.5%.

First Majestic Silver Stock Performance

Shares of NYSE AG opened at $8.88 on Friday. The company has a quick ratio of 2.74, a current ratio of 3.19 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -887.11 and a beta of 0.72. The stock’s fifty day simple moving average is $8.47 and its 200 day simple moving average is $6.94. First Majestic Silver has a 52-week low of $4.59 and a 52-week high of $9.48.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Thursday, August 14th. The mining company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). First Majestic Silver had a return on equity of 1.96% and a net margin of 1.78%. The company had revenue of $264.20 million during the quarter, compared to analyst estimates of $387.25 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The business’s revenue was up 94.0% compared to the same quarter last year. As a group, sell-side analysts forecast that First Majestic Silver will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.