First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares. The company also holds 100% interests in the La Parrilla Silver Mine that covers an area of 69,478 hectares located in Durango; the Del Toro Silver Mine consisting of 3,815 hectares of mining concessions and 219 hectares of surface rights located in Zacatecas; the San Martin Silver Mine includes 33 mining concessions covering an area of 12,795 hectares located in Jalisco; and the La Guitarra Silver Mine that covers an area of 39,714 hectares located in Mexico. In addition, it holds interest in the Springpole project, a gold and silver project covering an area of approximately 41,913 hectares in Ontario, Canada. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.
First Majestic Silver Dividend Announcement
• First Majestic Silver announced a quarterly dividend of $0.00 per ordinary share which will be made payable on 2024-11-29. Ex dividend date: 2024-11-15
• First Majestic Silver annual dividend for 2024 was $0.02
• First Majestic Silver annual dividend for 2023 was $0.02
• First Majestic Silver's trailing twelve-month (TTM) dividend yield is 0.3%
• First Majestic Silver's payout ratio for the trailing twelve months (TTM) is -6.65%
First Majestic Silver Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | $0.00 | quarterly | 2024-11-29 |
2024-08-16 | $0.00 | quarterly | 2024-08-30 |
2024-05-16 | $0.00 | quarterly | 2024-06-07 |
2024-03-13 | $0.00 | quarterly | 2024-03-28 |
2023-11-14 | $0.00 | quarterly | 2023-11-30 |
2023-08-15 | $0.01 | quarterly | 2023-08-31 |
2023-05-17 | $0.01 | quarterly | 2023-06-09 |
2023-03-09 | $0.01 | quarterly | 2023-03-24 |
2022-11-21 | $0.01 | quarterly | 2022-12-02 |
2022-08-15 | $0.01 | quarterly | 2022-08-31 |
2022-05-24 | $0.01 | quarterly | 2022-06-10 |
2022-03-18 | $0.01 | quarterly | 2022-04-04 |
2021-11-16 | $0.01 | quarterly | 2021-11-30 |
2021-08-25 | $0.01 | quarterly | 2021-09-16 |
2021-05-14 | $0.00 | quarterly | 2021-06-04 |
First Majestic Silver Dividend per year
First Majestic Silver Dividend growth
First Majestic Silver Dividend Yield
First Majestic Silver current trailing twelve-month (TTM) dividend yield is 0.3%. Interested in purchasing First Majestic Silver stock? Use our calculator to estimate your expected dividend yield:
First Majestic Silver Financial Ratios
First Majestic Silver Dividend FAQ
Other factors to consider when evaluating First Majestic Silver as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: First Majestic Silver's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Majestic Silver publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Majestic Silver distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Majestic Silver are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: First Majestic Silver sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Majestic Silver distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Majestic Silver declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of First Majestic Silver's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Majestic Silver's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.