South32 Limited (LON:S32) to Issue Dividend Increase – $0.03 Per Share

South32 Limited (LON:S32) announced a dividend on Thursday, August 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 19th will be given a dividend of $0.03 per share on Thursday, October 17th. This represents a yield of 1.51%. The ex-dividend date is Thursday, September 19th. This is a positive change from South32’s previous dividend of $0.004. The official announcement can be accessed at this link.

South32 Price Performance

South32 stock opened at GBX 163.10 ($2.15) on Wednesday. South32 has a fifty-two week low of GBX 141.50 ($1.87) and a fifty-two week high of GBX 209.60 ($2.77). The firm has a market capitalization of £7.36 billion, a price-to-earnings ratio of -1,493.64, a PEG ratio of 7.26 and a beta of 0.91. The company’s 50 day simple moving average is GBX 159.29 and its 200 day simple moving average is GBX 172.92.

Analyst Ratings Changes

S32 has been the subject of a number of research analyst reports. Canaccord Genuity Group reissued a “sell” rating and issued a GBX 55 ($0.73) target price on shares of South32 in a research note on Thursday, August 29th. Royal Bank of Canada lowered their target price on South32 from GBX 380 ($5.02) to GBX 370 ($4.89) and set an “outperform” rating for the company in a research note on Friday, August 30th. Finally, Citigroup reaffirmed a “neutral” rating on shares of South32 in a research note on Monday, June 17th.

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.