Buenaventura Mining Company Inc. (NYSE:BVN) Announces Special Dividend of $0.55

Buenaventura Mining Company Inc. (NYSE:BVN) declared a special dividend on Monday, November 2nd. Shareholders of record on Friday, November 20th will be paid a dividend of $0.5508 per share by the mining company on Wednesday, December 9th. The ex-dividend date is Friday, November 20th.

Buenaventura Mining has a payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Buenaventura Mining to earn $4.01 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 26.9%.

Buenaventura Mining Stock Performance

Shares of BVN traded down $0.23 during mid-day trading on Tuesday, hitting $26.62. 159,419 shares of the company’s stock were exchanged, compared to its average volume of 1,311,484. Buenaventura Mining has a 52 week low of $21.04 and a 52 week high of $44.67. The stock’s 50-day simple moving average is $32.19 and its 200-day simple moving average is $33.86. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 5.63 and a beta of 0.43. The company has a quick ratio of 2.43, a current ratio of 2.59 and a debt-to-equity ratio of 0.15.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Thursday, October 29th. The mining company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. The business had revenue of $545.33 million during the quarter, compared to analysts’ expectations of $439.69 million. Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%. On average, equities research analysts expect that Buenaventura Mining will post 3.99 EPS for the current year.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.