What Makes Southern Copper Corporation (SCCO) a Timeless Pick Among Profitable Dividend Stocks

Southern Copper Corporation (NYSE:SCCO) is included among the 13 Most Profitable Dividend Stocks to Buy Right Now.

What Makes Southern Copper Corporation (SCCO) a Timeless Pick Among Profitable Dividend Stocks

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Southern Copper Corporation (NYSE:SCCO) specializes in mining, smelting, and refining copper and various by-products such as zinc, molybdenum, and silver. Its main property is located in Peru and Mexico, two areas that are accompanied by giant ore deposits. The mines of the company – such as Tocipala and Cuzon in Peru, and La Karidad in Mexico- anchor their global status in the production of copper.

In recent years, Southern Copper Corporation (NYSE:SCCO) has focused on improving operating efficiency to expand its reserves, reduce costs, and offset commodity price swings. Major measures include advanced mining techniques, investment in Peru and Mexico in project development, and increasing emphasis on permanent practices. The ability to manage regulatory risks and maintain community relations is also important for its continuous success.

Southern Copper Corporation (NYSE:SCCO)’s dividend policy makes it an appealing option for investors looking for regular income. The company has raised its payouts for 28 years in a row, and now offers a quarterly dividend of $0.80 per share. As of October 6, the stock has a dividend yield of 2.18%.

While we acknowledge the potential of SCCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SCCO and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.