First Majestic Silver Corp. (AG) To Go Ex-Dividend on May 20th

First Majestic Silver Corp. (NYSE:AG – Get Free Report) (TSE:FR) announced a quarterly dividend on Monday, May 11th. Stockholders of record on Wednesday, May 20th will be given a dividend of 0.0171 per share by the mining company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, May 20th. This is a 106.0% increase from First Majestic Silver’s previous quarterly dividend of $0.0083.

First Majestic Silver has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Majestic Silver to earn $1.05 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 5.7%.

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First Majestic Silver Stock Up 0.0%

Shares of NYSE:AG opened at $20.43 on Monday. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $21.54 and its 200 day moving average is $19.65. The stock has a market cap of $10.09 billion, a P/E ratio of 34.05 and a beta of 0.85. First Majestic Silver has a 52-week low of $5.49 and a 52-week high of $32.03.

First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) last posted its quarterly earnings results on Tuesday, May 12th. The mining company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The firm had revenue of $476.67 million for the quarter, compared to the consensus estimate of $522.00 million. First Majestic Silver had a return on equity of 11.19% and a net margin of 19.51%.First Majestic Silver’s quarterly revenue was up 95.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. Sell-side analysts predict that First Majestic Silver will post 0.74 EPS for the current year.

About First Majestic Silver

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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.

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