U.S. Silica Holdings Inc (NYSE:SLCA) declared a quarterly dividend on Wednesday, November 14th, Wall Street Journal reports. Investors of record on Friday, December 14th will be given a dividend of 0.0625 per share by the mining company on Friday, January 4th. This represents a $0.25 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, December 13th.
U.S. Silica has decreased its dividend by an average of 27.9% 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 research analysts expect U.S. Silica to earn $0.36 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 69.4%.
SLCA opened at $13.06 on Friday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 8.71, a PEG ratio of 0.61 and a beta of 2.09. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98. U.S. Silica has a 52 week low of $12.89 and a 52 week high of $38.70.
In other U.S. Silica news, COO Michael L. Winkler purchased 2,000 shares of the business’s stock in a transaction on Friday, October 26th. The stock was acquired at an average cost of $13.98 per share, for a total transaction of $27,960.00. Following the completion of the transaction, the chief operating officer now directly owns 47,290 shares in the company, valued at approximately $661,114.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bryan Adair Shinn purchased 2,200 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were acquired at an average price of $18.45 per share, with a total value of $40,590.00. Following the completion of the transaction, the chief executive officer now owns 126,243 shares of the company’s stock, valued at $2,329,183.35. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 11,614 shares of company stock valued at $206,525. Company insiders own 1.40% of the company’s stock.
A number of research firms recently commented on SLCA. Johnson Rice cut U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 target price on the stock. in a research note on Monday, August 20th. Royal Bank of Canada cut U.S. Silica from an “outperform” rating to a “sector perform” rating and set a $24.00 target price on the stock. in a research note on Thursday, September 20th. Stifel Nicolaus began coverage on U.S. Silica in a research note on Monday, September 10th. They issued a “buy” rating and a $26.00 target price on the stock. B. Riley reduced their target price on U.S. Silica from $36.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, September 6th. Finally, Barclays reduced their target price on U.S. Silica from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.89.
U.S. Silica Company Profile
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; and resin coated proppants, 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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