The ex-dividend date for Silvercorp Metals (NYSE:SVM) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $5.59 as of 9:30 a.m., the dividend yield is 1.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Silvercorp Metals (NYSE: SVM) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $5.59 as of 9:30 a.m. ET, the dividend yield is 1.7%. The average volume for Silvercorp has been 1.4 million shares per day over the past 30 days. Silvercorp has a market cap of $981.1 million and is part of the basic materials sector and metals & mining industry. Shares are down 10.2% year to date as of the close of trading on Monday. Silvercorp Metals Inc. engages in the acquisition, exploration, development, and operation of silver mineral properties in China and Canada. The company has a P/E ratio of 13.4, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Silvercorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Silvercorp Ratings Report. See our dividend calendar or top-yielding stocks list.
Investors in Silvercorp Metals Inc saw new options begin trading this week, for the September 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 239 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.