This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Top 10 Dividend Stocks

2. Southern Copper Corporation (SCCO - Get Report), produces copper, zinc, molybdenum, and silver. The company's mining, smelting and refining facilities are located in Peru and Mexico, and it conducts exploration activities in these countries and Chile.

In the last week of October, the company decided to distribute an interim dividend payment for fiscal year 2011 at the overall value of $588.7 million, representing 70 cents per share, payable Nov. 29 to shareholders of record Dec. 16. The company has a current dividend yield of 7.3% and one-year dividend growth of 46.4%, according to a recent Bloomberg consensus.

For the third quarter of 2011, sales rose 38.8% year-on-year to $1.7 billion, compared to $1.3 billion in the same quarter prior year. Copper mine production grew 24.4% year-over- year, while anodes, cathodes and rod production increased 82%, 62% and 82.2%, respectively. Net income improved 81.5% year-over-year to $663 million, or 79 cents per share, vs. $365.2 million, or 43 cents per share, during the same quarter last year.

For full year 2011, the company estimates copper production at 630,000 tons.

Of the 18 analysts covering the stock, 56% recommend a buy and 39% rate a hold. Analysts polled by Bloomberg foresee the stock gaining an average 26.3% to $37.98 in the upcoming 12 months.

9 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
EPD $32.93 0.00%
ETE $63.36 0.00%
INTC $31.27 0.00%
LINE $11.06 0.00%
PG $81.94 0.00%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs