U.S. Silica Holdings, Inc. (NYSE:SLCA) Declares Dividend Increase – $0.06 Per Share

U.S. Silica Holdings, Inc. (NYSE:SLCA) announced a quarterly dividend on Monday, July 24th, Zacks reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.063 per share by the mining company on Tuesday, October 3rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, September 14th. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06.

U.S. Silica Holdings has a payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Silica Holdings to earn $3.02 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 8.3%.

Shares of U.S. Silica Holdings (NYSE SLCA) opened at 25.44 on Friday. U.S. Silica Holdings has a 12-month low of $24.99 and a 12-month high of $61.49. The firm has a market capitalization of $2.07 billion, a PE ratio of 145.37 and a beta of 2.33. The company has a 50-day moving average price of $30.78 and a 200 day moving average price of $41.93.

U.S. Silica Holdings (NYSE:SLCA) last issued its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The company had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. During the same period in the prior year, the business posted ($0.17) earnings per share. The firm’s revenue for the quarter was up 148.3% compared to the same quarter last year. On average, equities analysts expect that U.S. Silica Holdings will post $1.53 earnings per share for the current year.

Several research analysts have weighed in on the stock. Evercore ISI initiated coverage on shares of U.S. Silica Holdings in a research report on Thursday, May 25th. They set an “outperform” rating and a $48.00 target price on the stock. Zacks Investment Research upgraded shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Saturday, April 29th. BidaskClub upgraded shares of U.S. Silica Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC set a $65.00 price target on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Wednesday, April 26th. Finally, Royal Bank Of Canada set a $60.00 price target on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Saturday, July 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. U.S. Silica Holdings currently has an average rating of “Buy” and an average target price of $52.01.

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About U.S. Silica Holdings

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

Dividend History for U.S. Silica Holdings (NYSE:SLCA)

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