Sociedad Quimica y Minera S.A. (NYSE:SQM) announced a dividend on Wednesday, August 23rd, Fidelity reports. Stockholders of record on Friday, September 8th will be given a dividend of 0.384 per share by the basic materials company on Thursday, September 14th. The ex-dividend date of this dividend is Thursday, September 7th.
Sociedad Quimica y Minera has decreased its dividend by an average of 9.7% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Sociedad Quimica y Minera has a payout ratio of 33.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sociedad Quimica y Minera to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 28.7%.
Shares of Sociedad Quimica y Minera (SQM) opened at 58.06 on Friday. The stock has a 50 day moving average of $45.71 and a 200-day moving average of $37.68. Sociedad Quimica y Minera has a 52 week low of $24.75 and a 52 week high of $58.71. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 44.80 and a beta of 1.03.
Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings data on Wednesday, August 23rd. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). Sociedad Quimica y Minera had a net margin of 16.28% and a return on equity of 14.81%. The company had revenue of $505.70 million during the quarter, compared to analysts’ expectations of $500.49 million. On average, analysts anticipate that Sociedad Quimica y Minera will post $1.60 EPS for the current year.
Several analysts have recently issued reports on the company. Deutsche Bank AG upped their price objective on Sociedad Quimica y Minera from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, May 22nd. Santander upgraded Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. BMO Capital Markets reiterated a “hold” rating and set a $35.00 target price on shares of Sociedad Quimica y Minera in a research report on Friday, July 7th. Finally, Zacks Investment Research upgraded Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Wednesday, June 21st. Five analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Sociedad Quimica y Minera has a consensus rating of “Buy” and an average target price of $41.18.
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About Sociedad Quimica y Minera
Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.
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