SSR Mining (SSRM.TO) Dividends
Market Cap: $3.00B
Avg Volume: 498.65K
Industry: Gold
Sector: Basic Materials
Dividend Overview
SSR Mining (SSRM.TO) pays a quarterly dividend to its shareholders. The current dividend yield is 2.36%, which means that for every $100 invested at the current price, investors would receive approximately $2.36 in dividends per year (this can change based on future dividend payments and price movements).
About SSRM.TO's Dividend
SSR Mining pays a quarterly dividend of $0.10 per share, which totals $0.38 annually. This means that for each share you own, you'll receive $0.38 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was November 09, 2023. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
SSR Mining's dividend has grown by 1.00% over the past year. A positive growth rate can be a sign of the company's confidence in its future earnings.
SSRM.TO Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.09665972 | 2.36% | November 09, 2023 | November 13, 2023 | December 11, 2023 | November 09, 2023 |
| $0.09417463 | 1.87% | August 11, 2023 | August 14, 2023 | September 11, 2023 | August 11, 2023 |
| $0.09495388 | 1.69% | May 12, 2023 | May 15, 2023 | June 12, 2023 | May 12, 2023 |
| $0.09522514 | 1.98% | March 02, 2023 | March 03, 2023 | March 30, 2023 | March 02, 2023 |
| $0.09333333 | 1.93% | November 17, 2022 | November 18, 2022 | December 19, 2022 | November 17, 2022 |
| $0.0893598 | 1.61% | August 11, 2022 | August 12, 2022 | September 06, 2022 | August 11, 2022 |
| $0.09139574 | 1.15% | May 12, 2022 | May 13, 2022 | June 09, 2022 | May 12, 2022 |
| $0.07 | 0.90% | March 04, 2022 | March 07, 2022 | April 04, 2022 | March 04, 2022 |
| $0.05 | 0.61% | November 12, 2021 | November 15, 2021 | December 13, 2021 | November 12, 2021 |
| $0.05 | 0.49% | August 13, 2021 | August 16, 2021 | September 13, 2021 | August 13, 2021 |
| $0.05 | 0.24% | May 14, 2021 | May 17, 2021 | June 14, 2021 | May 14, 2021 |
| $0.05 | 0.28% | March 04, 2021 | March 05, 2021 | March 31, 2021 | March 04, 2021 |
Dividend Growth
SSR Mining (SSRM.TO) dividend payments have grown 100.00% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for SSRM.TO
- Dividend & Capex Coverage Ratio: 0.28x Weak coverage
- Dividend Frequency: Quarterly
- Recent Dividend Growth: 1.00% Positive
What These Indicators Mean
The Dividend & Capex Coverage Ratio of 0.28x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio below 1.0x indicates SSR Mining may need to use cash reserves or debt to fund dividends and investments, which could be unsustainable long-term.
SSR Mining's quarterly dividend structure is the most common among dividend-paying companies, providing a balance between regular income for investors and financial flexibility for the company.
SSR Mining's dividend growth rate of 1.00% is positive but modest, indicating steady but cautious dividend policies.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.