U.S. Silica Holdings Inc (NYSE:SLCA) announced a quarterly dividend on Monday, May 13th, Zacks reports. Investors of record on Friday, June 14th will be paid a dividend of 0.063 per share by the mining company on Friday, July 5th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, June 13th.
U.S. Silica has decreased its dividend payment by an average of 20.6% per year over the last three years. U.S. Silica has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect U.S. Silica to earn $0.44 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 56.8%.
Shares of SLCA stock opened at $12.56 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. U.S. Silica has a 52-week low of $9.30 and a 52-week high of $34.34. The firm has a market capitalization of $932.61 million, a P/E ratio of 7.95 and a beta of 2.34.
In other U.S. Silica news, Director Charles W. Shaver bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $13.06 per share, with a total value of $130,600.00. Following the completion of the purchase, the director now directly owns 19,909 shares of the company’s stock, valued at $260,011.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by company insiders.
A number of equities research analysts have weighed in on the company. Bank of America set a $15.00 price target on U.S. Silica and gave the company a “sell” rating in a research report on Thursday, May 2nd. Cowen reaffirmed an “outperform” rating and set a $20.00 price objective (down from $22.00) on shares of U.S. Silica in a research note on Thursday, May 2nd. ValuEngine cut U.S. Silica from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. Seaport Global Securities set a $21.00 price objective on U.S. Silica and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, TheStreet cut U.S. Silica from a “c” rating to a “d+” rating in a research note on Monday, March 4th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.53.
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About U.S. Silica
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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