Southern Copper (SCCO) DIvidends Date & History

Key Takeaways

• Southern Copper Corporation (SCCO) offers a current dividend yield of approximately 2.1% to 2.2% based on trailing twelve-month payouts.
• The company pays dividends quarterly, with the most recent ex-dividend date on August 11, 2026, and payment of $1.10 per share on August 27, 2026.
• TTM dividend per share stands near $3.94 to $4.00, supported by a payout ratio of roughly 58% to 60%.
• SCCO has maintained consistent quarterly dividends for over 30 years, though amounts fluctuate with copper prices and earnings.
• Dividend coverage appears sustainable given earnings and free cash flow, with moderate debt levels typical of the mining sector.
• The stock appeals to income-focused investors seeking exposure to the copper industry with moderate yield and growth potential.

Dividend Overview

Southern Copper Corporation (SCCO) follows a variable dividend policy tied to its mining operations and commodity prices. The company distributes dividends quarterly, reflecting its status as a modest-yield dividend stock rather than a high-yield or aggressive dividend growth name. Current trailing twelve-month yield hovers around 2.1% to 2.2%, with annualized payouts near $3.94 per share. This profile suits investors looking for income combined with cyclical exposure to copper demand, without the high yields seen in some mature sectors.

Dividend History and Growth

SCCO has paid dividends for more than 30 years, delivering quarterly distributions without interruption. Payouts have varied significantly with copper market cycles, ranging from lower amounts in weaker periods to higher levels during strong earnings. Recent quarters show increases, including a rise to $1.10 per share in the latest distribution. While long-term consistency is evident, growth rates have been uneven, with some periods of flat or reduced dividends during industry downturns. The company does not maintain a formal dividend growth streak but adjusts payouts to align with free cash flow generation.

Dividend Sustainability and Payout Ratio

The dividend appears sustainable, backed by a payout ratio of approximately 58% to 60% of earnings. This level provides reasonable coverage from profits and free cash flow, leaving room for reinvestment in operations. SCCO maintains a solid balance sheet with debt levels typical for large-scale mining, supported by substantial copper reserves in Mexico and Peru. Earnings and cash flow from core operations have historically covered distributions, though commodity price volatility remains a key risk factor for long-term stability.

Dividend Compared to Industry Peers

Within the basic materials and mining sector, SCCO's yield of roughly 2.1% to 2.2% sits above Freeport-McMoRan (FCX) at about 0.8% but below Rio Tinto (RIO) near 4.1%. Peers such as BHP Group show yields around 1.7%. SCCO's profile offers a balanced combination of yield and cyclical upside compared to lower-yielding U.S. copper producers, while remaining more moderate than some international diversified miners.

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Is This Stock Attractive for Dividend Investors?

Southern Copper Corporation (SCCO) may appeal to income investors seeking moderate yields alongside exposure to the copper sector, as well as long-term investors comfortable with commodity cycles. Its quarterly payments and earnings coverage provide a degree of reliability, though variability in payouts makes it less suitable for conservative investors prioritizing steady growth. Dividend growth investors might view recent increases positively but should note the influence of metal prices on future distributions. Overall, the stock fits portfolios balancing income with industrial materials exposure, without excessive risk from high payout ratios.

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