Silver Standard Resources Inc. (NASDAQ:SSRM) Shares Will Pay Quarterly Dividend of $0.03

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, November 13th will be given a dividend of $0.03 per share by the basic materials company on Friday, December 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 13th.

Silver Standard Resources has a payout ratio of 5.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Silver Standard Resources to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 4.1%.

Silver Standard Resources Price Performance

Shares of NASDAQ:SSRM opened at $26.16 on Wednesday. Silver Standard Resources has a 1-year low of $18.19 and a 1-year high of $39.44. The company has a market capitalization of $5.27 billion, a P/E ratio of 23.78, a P/E/G ratio of 5.65 and a beta of -0.09. The firm’s 50 day simple moving average is $33.91 and its two-hundred day simple moving average is $30.31.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $447.65 million during the quarter, compared to analysts’ expectations of $454.47 million. Silver Standard Resources had a net margin of 12.30% and a return on equity of 16.17%. On average, sell-side analysts anticipate that Silver Standard Resources will post 3.82 earnings per share for the current fiscal year.

About Silver Standard Resources

Silver Standard Resources, now known as SSR Mining Inc (NASDAQ: SSRM), is a precious metals mining company focused primarily on the exploration, development and production of gold and silver. The company’s operations have included open-pit and underground mines, processing facilities and exploration properties in the Americas and Türkiye.

SSR Mining has historically operated the Marigold gold mine in Nevada, the Seabee gold operation in Saskatchewan, Canada, and the Puna silver-lead-zinc complex in Jujuy, Argentina.