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Southern Copper Corporation (NYSE:SCCO) is included among the 13 Best Materials Dividend Stocks to Buy Right Now.
Southern Copper Corporation (NYSE:SCCO) ranks among the world’s biggest integrated copper producers, with mining operations in Mexico and Peru. The company expects substantial growth in output over the coming years. Its board has already approved projects that are set to increase production by 156,000 tons by 2027. In addition, several other projects in development could boost annual output by another 545,000 tons by 2032.
With its strong pipeline for copper expansion and efficient cost structure, Southern Copper Corporation (NYSE:SCCO) is well-positioned to benefit from increasing demand in the global market.
Southern Copper Corporation (NYSE:SCCO) is among the best dividend stocks on our list as the company has paid regular dividends to shareholders for 28 consecutive years. The company currently offers a quarterly dividend of $0.80 per share and has a dividend yield of 2.96%, as of July 29.
While we acknowledge the potential of SCCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Innovative Dividend Stocks to Buy Now and 10 Best and Safe Dividend Stocks to Buy Now
Disclosure: None.
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