South32 Ltd (LON:S32) declared a dividend on Thursday, February 15th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, March 8th will be paid a dividend of $0.07 per share on Thursday, April 5th. This represents a dividend yield of 2.75%. The ex-dividend date is Thursday, March 8th. This is an increase from South32’s previous dividend of $0.06. The official announcement can be viewed at this link.
South32 (LON:S32) opened at GBX 187.55 ($2.59) on Wednesday. South32 has a 52 week low of GBX 143.25 ($1.98) and a 52 week high of GBX 236 ($3.26).
S32 has been the subject of a number of recent analyst reports. Deutsche Bank cut shares of South32 to a “sell” rating and set a GBX 170 ($2.35) price target for the company. in a research note on Tuesday, November 7th. Liberum Capital reaffirmed a “sell” rating and set a GBX 150 ($2.07) price target on shares of South32 in a research note on Friday, November 10th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 180 ($2.49) price target on shares of South32 in a research note on Wednesday, November 15th. Citigroup lifted their price target on shares of South32 from GBX 190 ($2.63) to GBX 200 ($2.76) and gave the stock a “neutral” rating in a research note on Friday, November 17th. Finally, Barclays lifted their price target on shares of South32 from GBX 245 ($3.38) to GBX 265 ($3.66) and gave the stock an “overweight” rating in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 188.56 ($2.61).
South32 Limited is a metals and mining company. The Company’s segments include Worsley Alumina, which includes an integrated bauxite mine and alumina refinery in Western Australia; South Africa Aluminium, which includes an aluminum smelter in Richards Bay; Brazil Alumina, which includes an alumina refinery in Brazil; Mozal Aluminium, including an aluminum smelter in Mozambique; South Africa Energy Coal, including open-cut and underground energy coal mines and processing operations in South Africa; Illawarra Metallurgical Coal, which includes underground metallurgical coal mines in New South Wales; Australia Manganese, which produces manganese ore in the Northern Territory and manganese alloys in Tasmania; South Africa Manganese, which produces manganese ore and alloy in South Africa; Cerro Matoso, including an integrated laterite ferronickel mining and smelting complex in Colombia, and Cannington, including silver, lead and zinc mine in Queensland.