Amerigo Resources Ltd. (TSE:ARG) to Issue Dividend Increase – $0.18 Per Share

Amerigo Resources Ltd. (TSE:ARG) declared a quarterly dividend on Monday, July 13th, TickerTech Dividends reports. Shareholders of record on Thursday, August 6th will be given a dividend of 0.18 per share on Thursday, August 6th. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Monday, July 13th. This is a 350.0% increase from Amerigo Resources’s previous quarterly dividend of $0.04.

Amerigo Resources Trading Up 1.7%

Shares of TSE:ARG opened at C$6.99 on Friday. Amerigo Resources has a 52 week low of C$2.04 and a 52 week high of C$7.39. The company’s 50 day moving average is C$6.50 and its two-hundred day moving average is C$5.86. The company has a market cap of C$1.13 billion, a PE ratio of 24.96, a P/E/G ratio of 0.32 and a beta of 2.15.

Amerigo Resources (TSE:ARG) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.13 earnings per share for the quarter. The business had revenue of C$91.99 million for the quarter. Amerigo Resources had a net margin of 15.26% and a return on equity of 42.44%. As a group, equities research analysts expect that Amerigo Resources will post 0.2850394 EPS for the current year.

Insider Activity at Amerigo Resources

In other Amerigo Resources news, insider Carmen Amezquita sold 25,000 shares of Amerigo Resources stock in a transaction dated Monday, June 1st. The stock was sold at an average price of C$6.93, for a total transaction of C$173,250.00. Following the completion of the sale, the insider directly owned 8,939 shares of the company’s stock, valued at C$61,947.27. The trade was a 73.66% decrease in their position. Also, insider Kimberly Thomas sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$7.07, for a total value of C$56,560.00. Following the transaction, the insider directly owned 22,118 shares of the company’s stock, valued at approximately C$156,374.26. This represents a 26.56% decrease in their ownership of the stock. Insiders have sold 158,000 shares of company stock valued at $1,101,068 over the last quarter. 12.95% of the stock is owned by insiders.

Amerigo Resources Company Profile

Amerigo is an innovative copper producer with a long-term relationship, through its fully-owned subsidiary Minera Valle Central (‘MVC’), with Corporación Nacional del Cobre de Chile (‘Codelco’), the world’s largest copper producer. Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world’s largest underground copper mine.