Sociedad Quimica y Minera S.A. Announces Special Dividend of $1.44 (NYSE:SQM)

Sociedad Quimica y Minera S.A. (NYSE:SQM – Get Free Report) declared a special dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 8th will be paid 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 payment by an average of 0.3%annually over the last three years. Sociedad Quimica y Minera has a payout ratio of 73.9% meaning its dividend is sufficiently covered by earnings. Equities research 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%.

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Sociedad Quimica y Minera Trading Down 1.0%

SQM stock traded down $0.81 during trading on Friday, reaching $79.62. The company had a trading volume of 597,767 shares, compared to its average volume of 1,250,466. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.76 and a quick ratio of 2.01. Sociedad Quimica y Minera has a 52 week low of $40.58 and a 52 week high of $98.00. The business has a 50 day moving average of $72.81 and a 200 day moving average of $77.88. The company has a market cap of $22.74 billion, a P/E ratio of 16.42, a PEG ratio of 0.27 and a beta of 0.98.

Sociedad Quimica y Minera (NYSE:SQM – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The basic materials company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.28. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Sociedad Quimica y Minera had a return on equity of 19.08% and a net margin of 20.62%.The firm’s quarterly revenue was up 136.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. As a group, sell-side analysts forecast that Sociedad Quimica y Minera will post 7.4 earnings per share for the current fiscal year.

Sociedad Quimica y Minera Company Profile

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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.

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