Pan American Silver Corp. to Issue Quarterly Dividend of $0.10 (TSE:PAAS)

Pan American Silver Corp. (TSE:PAAS - Get Free Report) announced a quarterly dividend on Friday, May 17th, TickerTech reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.10 per share on Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, May 17th.

Pan American Silver Stock Up 1.8 %

Shares of PAAS traded up C$0.50 during midday trading on Wednesday, reaching C$28.30. 855,669 shares of the stock were exchanged, compared to its average volume of 778,971. The company has a market cap of C$10.32 billion, a price-to-earnings ratio of -64.32, a P/E/G ratio of 24.57 and a beta of 1.41. The firm has a 50 day simple moving average of C$23.42 and a 200-day simple moving average of C$20.87. Pan American Silver has a 12-month low of C$16.50 and a 12-month high of C$28.68. The company has a quick ratio of 0.88, a current ratio of 2.23 and a debt-to-equity ratio of 17.25.

Wall Street Analyst Weigh In

Separately, National Bankshares lifted their target price on shares of Pan American Silver from C$34.50 to C$35.25 and gave the stock an "outperform" rating in a report on Monday.

Insider Transactions at Pan American Silver

In other Pan American Silver news, Senior Officer Sean Mcaleer acquired 17,601 shares of Pan American Silver stock in a transaction on Monday, March 4th. The shares were bought at an average price of C$13.33 per share, with a total value of C$234,621.33. In other news, Director Gillian Winckler acquired 3,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of C$17.02 per share, for a total transaction of C$51,060.00. Also, Senior Officer Sean Mcaleer bought 17,601 shares of the stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of C$13.33 per share, with a total value of C$234,621.33. Company insiders own 0.07% of the company's stock.

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.