Silvercorp Metals Inc. (AMEX:SVM) will begin trading ex-dividend on November 24, 2020. The semi-annual dividend payment of $ 0.0125 per share is scheduled to be paid on December 16, 2020. The dividend yield based on the latest trading day closing price was 17.16 percent. Shareholders who purchased SVM shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Silvercorp Metals Inc. recently reported second quarter financial results on November 5, 2020, after market close, the Vancouver based company outlined income for the second quarter of $ 0.09 per share, from the revenue of $ 56.37 million. The quarterly earnings grew 28.57 percent while revenues increased 12.99 percent compared with the same quarter last year.
Wall street analysts are predicting, SVM to report 2Q21 income of $ 0.04 per share from revenue of $ 35.00 million. The bottom line results beat street analysts by $ 0.05 or 125.00 percent, at the same time, top line results outshined analysts by $ 21.37 million or 61.06 percent.
Stock Performance
Shares of Silvercorp Metals Inc. traded low $ -0.01 or -0.14 percent on Thursday, reaching $ 7.11 with volume of 873.90 thousand shares. Silvercorp Metals Inc. has traded high as $ 7.20 and has cracked $ 6.88 on the downward trend
According to the previous trading day, closing price of $ 7.11, representing a 374.67 % increase from the 52 week low of $ 1.50 and a 20.09 % decrease over the 52 week high of $ 8.91.
The company has a market capital of $ 1.24 billion and is part of the Basic Materials sector and Silver industry.
Silvercorp Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and mining of silver and related mineral properties in China. Its flagship project is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.
