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What Is The Right Dividend Yield For Southern Copper (SCCO)?


One of my readers asked me a good question about my latest screens. Here is what he wrote:

“I am new at this and trying to learn. Your site is very helpful. From your post:

41 Top Yielding Stocks with Ex-Dividend Date In May 2013
I do not understand the reported yield for Southern Copper. Most all sites I see report dividend 2.42%.

ARR
ARMOUR Residential
13-May
30-May
17.09
HRZN
Horizon Technology Finance
16-May
17-Jun
13.91
SCCO
Southern Copper
6-May
21-May
11.75
FULL
Full Circle Capital Corporation
29-May
14-Jun
11.73
FSC
Fifth Street Finance
13-May
31-May
10.87
STB
Student Transportation Inc
29-May
17-Jun
8.88


Thanks“

That's an error in my screening database. Sometimes it needs time to update the yield lists with current dividend payments. If a company pays a much lower dividend in the future or they paid special dividends, the yield explodes but on the new basis its a normal value. Here is the dividend history of SCCO: Long-Term Dividend History of SCCO. I think the $2.75 extraordinary payment causes the error.

SCCO has a yield of 2.42% based on a $0.8 annual dividend.

If you like you can also read my post about "How to predict the future Dividend".

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