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Southern Copper Corp. Message Board

  • danpiazza danpiazza Feb 10, 2014 3:14 PM Flag

    Ex Div

    Ex Div on Thursday... Hopefully still holds ..

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    • I don't think this latest rise in SCCO's pps was due to a dividend run-up.
      Especially since this ex-date is for .12, LOL
      Imo, it's possibly for the NEXT dividend, which I expect to be more generous.
      The .12 dividend might have actually chased investors away the last couple of quarters,
      allowing Grupo to make its share repurchasing move.
      Also, the company's recent buybacks leads me to believe the next few dividends will be higher,
      and the share price should rise in anticipation of this occurrence,
      and rise further when it does.

      • 1 Reply to faaqcee
      • faaqcee

        With regard to share price being possibly driven by an ANTICIPATED increase in dividends ...... I think you're wrong .... It's something else.

        Ask yourself would YOU be buying based on a ANTICIPATED rise in dividends three months out? Then ask yourself, would financial institutions or SCCO(?), who are the only ones that can drive share price, be investing in anticipation of increased dividends ...... I think not.

        It's clear that at this point, somebody thinks they know something that justifies investing in SCCO at higher prices ....... it's just not us. We don't know who or why ...... but I'd sure like to figure it out.

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