Buenaventura Mining Company Inc. Plans Special Dividend of $0.99 (NYSE:BVN)

Buenaventura Mining Company Inc. (NYSE:BVN) declared a special dividend on Thursday, April 2nd. Shareholders of record on Tuesday, April 21st will be paid a dividend of 0.9904 per share by the mining company on Tuesday, May 12th. The ex-dividend date is Tuesday, April 21st.

Buenaventura Mining has a dividend payout ratio of 57.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Buenaventura Mining to earn $1.48 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 73.0%.

Buenaventura Mining Price Performance

Shares of BVN stock opened at $35.72 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. The firm’s 50-day moving average is $36.98 and its two-hundred day moving average is $31.00. Buenaventura Mining has a 12 month low of $13.46 and a 12 month high of $44.67. The company has a market capitalization of $9.06 billion, a PE ratio of 11.60 and a beta of 0.40.

Buenaventura Mining (NYSE:BVN) last issued its earnings results on Friday, February 27th. The mining company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $1.03. Buenaventura Mining had a net margin of 45.17% and a return on equity of 20.39%. The company had revenue of $623.40 million for the quarter, compared to the consensus estimate of $451.60 million. Analysts predict that Buenaventura Mining will post 1.13 earnings per share for the current year.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA. (NYSE: BVN) is one of Peru’s leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company’s core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.

The company’s principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.