5 Commodities Stocks That Pay Dividends

3. Southern Copper Corporation (NYSE:SCCO)

Number of Hedge Fund Holders: 19

Forward Dividend Yield as of March 18: 5.40%

This February, Southern Copper Corporation (NYSE:SCCO) announced its earnings for the fiscal fourth quarter of 2021, in which the company beat on revenue by $39.64 million. Southern Copper Corporation (NYSE:SCCO) reported earnings per share of $1.08. The company’s revenue saw an upside of 20.12% year over year and went up from $2.35 billion to $2.82 billion.

As of March 18, 2022, Southern Copper Corporation (NYSE:SCCO) has gained 30.64% over the past six months and has a forward dividend yield of 5.40%.

By the end of the fourth quarter of 2021, 19 hedge funds held stakes in Southern Copper Corporation (NYSE:SCCO). The total value of these stakes exceeded $440.2 million. Of these, Ken Fisher-led Fisher Asset Management was the dominating shareholder, having stakes of $221,811,000 in the company. The investment covers 0.12% of the fund’s fourth-quarter 2021 investment portfolio.

On December 9, 2021, Southern Copper Corporation (NYSE:SCCO) was upgraded to Equal Weight from Underweight by Morgan Stanley analyst Carlos De Alba. The analyst reiterated his price target of $55 on the stock.