South32 Ltd (S32) to Issue $0.06 Dividend

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South32 Ltd (LON:S32) declared a dividend on Thursday, August 23rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 13th will be given a dividend of $0.06 per share on Thursday, October 11th. This represents a yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 13th. The official announcement can be viewed at this link.

South32 stock opened at GBX 193.20 ($2.49) on Friday. South32 has a twelve month low of GBX 143.25 ($1.85) and a twelve month high of GBX 236 ($3.04).

Several research analysts have weighed in on the stock. HSBC cut shares of South32 to a “hold” rating and increased their price target for the company from GBX 225 ($2.90) to GBX 240 ($3.10) in a report on Thursday, June 21st. UBS Group reissued a “neutral” rating on shares of South32 in a report on Thursday. Citigroup reaffirmed a “neutral” rating and set a GBX 205 ($2.64) target price on shares of South32 in a report on Monday, June 18th. Deutsche Bank reaffirmed a “hold” rating on shares of South32 in a report on Tuesday, June 19th. Finally, Liberum Capital raised their target price on shares of South32 from GBX 90 ($1.16) to GBX 185 ($2.39) and gave the stock a “sell” rating in a report on Friday, May 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 211.25 ($2.73).

South32 Company Profile

South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, ferronickel, silver, lead, and zinc. It also exports its products.

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