Silvercorp Metals Inc. (
TSX: SVM,
NYSE MKT: SVM,
Forum) has raised its semi-annual dividend by making the payment in U.S. funds rather than Canadian funds.
The increase comes after Silvercorp posted its financial and operating results for the fourth quarter and year ended March 31, 2017. The company reported a net profit of $43.7 million or 26 cents a share in fiscal 2017.
More information can be found
here.
Silvercorp was in the news recently when
it announced that its shares have been authorized for trading on the NYSE MKT.
Full Disclosure: Silvercorp Metals Inc. is a paid client of Stockhouse Publishing.