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 declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.12 per share by the basic materials company on Friday, August 29th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date 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% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of NYSE PAAS traded up $0.51 during mid-day trading on Friday, reaching $31.95. 7,178,386 shares of the company's stock were exchanged, compared to its average volume of 4,589,441. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 0.39 and a beta of 0.60. The firm has a 50-day moving average price of $28.64 and a two-hundred day moving average price of $25.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94. Pan American Silver has a 52 week low of $18.33 and a 52 week high of $32.12.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. The firm had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.64%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. Analysts predict that Pan American Silver will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

PAAS has been the topic of several analyst reports. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. TD Securities lowered their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. CIBC restated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. BMO Capital Markets initiated coverage on Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. Finally, Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.40.

Pan American Silver Company Profile

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.

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