NEW YORK ( TheStreet) -- The ex-dividend date for Southern Copper Corporation (NYSE: SCCO) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $31.78 as of 9:30 a.m. ET, the dividend yield is 6.3%. The average volume for Southern Copper has been 2.3 million shares per day over the past 30 days. Southern Copper has a market cap of $27.39 billion and is part of the basic materials sector and metals & mining industry. Shares are up 6.8% year to date as of the close of trading on Monday. Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. The company has a P/E ratio of 11.1, below the average metals & mining industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Southern Copper as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Southern Copper Ratings Report. See our dividend calendar or top-yielding stocks list.