About Santacruz Silver Mining Ltd. (SZSMF) — Dividend Analysis 2026
Santacruz Silver Mining Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral properties in Mexico. The company primarily explores for silver and zinc, as well as lead and copper deposits. It holds interests in the Zimapan Mine that consists of 34 mining concessions covering an area of 5,139 hectares located in Hidalgo, Mexico; and two exploration properties, which include the La Pechuga Property and the Santa Gorgonia Prospect. The company was formerly known as Forte Resources Inc. and changed its name to Santacruz Silver Mining Ltd. in April 2012. Santacruz Silver Mining Ltd. was incorporated in 2011 and is based in Vancouver, Canada.
Is SZSMF a good dividend investment in 2026?
SZSMF offers a 903.63% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
SZSMF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your SZSMF portfolio grows to $1021.89M vs $11.14M without reinvestment. This is the compound interest effect in action.
SZSMF dividend growth history & forecast
SZSMF has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 903.63%.
FCF ($8M) is below dividends paid ($709M) — risk of cut (FCF: $8M · Dividends est.: $709M)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.0B → -0.0B → -0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 SZSMF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold SZSMF.
Gross yield
903.63%
Tax rate
15.00%
After-tax yield
768.09%
Real yield (−CPI)
765.29%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
903.63%
900.83%
$90,363 / yr
🇺🇸 US Taxable (15%) ✓
15%
768.09%
765.29%
$76,809 / yr
🇺🇸 US Taxable (20%)
20%
722.90%
720.10%
$72,290 / yr
🇬🇧 UK ISA
0%
903.63%
900.83%
$90,363 / yr
🇬🇧 UK Taxable
8.75%
824.56%
821.76%
$82,456 / yr
🇨🇦 TFSA
0%
903.63%
900.83%
$90,363 / yr
🇨🇦 CA Taxable
25%
677.72%
674.92%
$67,772 / yr
🇦🇺 Super (pension)
15%
768.09%
765.29%
$76,809 / yr
🇦🇺 AU Taxable
30%
632.54%
629.74%
$63,254 / yr
🇩🇪 DE Taxable
26.375%
665.30%
662.50%
$66,530 / yr
🇫🇷 FR Taxable
30%
632.54%
629.74%
$63,254 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 SZSMF Income Goal & Break-Even
Dividend Break-Even
1yr
Years for dividends to fully repay your SZSMF investment of $0.22/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$29.35M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$29.35M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in SZSMF for:
Shares needed
14,118
Capital required
$3,125
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 SZSMF Dividend Payment Schedule
SZSMF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 SZSMF vs S&P 500 Average Benchmarks
How SZSMF compares to typical S&P 500 Average averages. (Sector "Basic Materials" not matched — using S&P 500 average)
Benchmark: S&P 500 Average
Dividend Yield▲+900.63% vs sectorBetter
SZSMF
903.63%
avg
3.00%
5Y Dividend CAGR▼-5.50% vs sectorBelow avg
SZSMF
0.00%
avg
5.50%
Payout Ratio▲-8.00% vs sectorBetter
SZSMF
50.00%
avg
58.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for SZSMF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ SZSMF Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
1.03
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
7/9
✅ Strong fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the SZSMF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →