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Southern Copper Corp. Message Board

  • dar200 dar200 Jan 25, 2013 5:26 PM Flag

    Divident = 24 cents

    Hmmmm, holding tons of cash for capex. I was expecting at least 40, but am happy to see my cash put to work earning over 25% after tax. Just have to wait for new production to pay increased dividents.

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    • I purchased this stock at $28 and sold at $39. Missed the $2.75 dididend and about $2 upswing. Sold because I believed this stock worth only $28 in near future. Just my opinion. Still believe stock only worth $28 based on earnings of 60 cents and quarterly dividend of 40 cents. If dividend is less would lower value. We will see over next 60 days. Will buy in $25 to $30 range only.

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