Nexa Resources S.A. (NEXA) to Issue Special Dividend of $0.13 on August 11th

Nexa Resources S.A. (NYSE:NEXA) announced a special dividend on Wednesday, March 4th. Shareholders of record on Tuesday, July 28th will be paid a dividend of 0.1321 per share on Tuesday, August 11th. The ex-dividend date is Tuesday, July 28th.

Nexa Resources has decreased its dividend by an average of 0.2%annually over the last three years. Nexa Resources has a payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Nexa Resources to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 3.7%.

Nexa Resources Price Performance

Shares of NYSE NEXA opened at $12.87 on Friday. The firm has a 50-day simple moving average of $13.65 and a 200-day simple moving average of $12.77. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 0.14 and a beta of 0.94. Nexa Resources has a 52 week low of $4.61 and a 52 week high of $16.89.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $888.32 million for the quarter, compared to analyst estimates of $885.90 million. Nexa Resources had a net margin of 6.44% and a return on equity of 16.32%. On average, equities analysts predict that Nexa Resources will post 2.7 earnings per share for the current fiscal year.

Nexa Resources Company Profile

Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.

The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.