Pan American Silver Corp. (NYSE:PAAS) to Issue Quarterly Dividend of $0.12

Key Points

• Pan American Silver Corp. has announced a quarterly dividend of $0.12 per share, representing a 20% increase from the previous dividend of $0.10, effective for shareholders of record on August 18th.
• The company's dividend payout ratio is currently at 21.2%, indicating that its dividend is well-covered by earnings, with expected earnings of $1.76 per share next year.
• Pan American Silver's stock has shown positive performance, with shares trading at $31.95, and analysts giving it a consensus rating of "Moderate Buy", with a target price of $31.40.

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, August 18th will be given a dividend of 0.12 per share by the basic materials company on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 18th. This is a 20.0% increase from Pan American Silver's previous quarterly dividend of $0.10.

Pan American Silver has a dividend payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pan American Silver to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 22.7%.

Pan American Silver Price Performance

Shares of NYSE PAAS traded down $0.47 during mid-day trading on Wednesday, reaching $31.54. 1,240,591 shares of the company were exchanged, compared to its average volume of 4,563,019. Pan American Silver has a 52 week low of $18.50 and a 52 week high of $32.50. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $11.41 billion, a PE ratio of 21.77, a PEG ratio of 0.42 and a beta of 0.60. The company's 50 day moving average price is $29.01 and its 200 day moving average price is $26.22.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Sell-side analysts forecast that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.