Wheaton Precious Metals Corp. Announces Quarterly Dividend of $0.17 (NYSE:WPM)

Key Points

• Wheaton Precious Metals Corp. announced a quarterly dividend of $0.17 per share, payable on September 4th to shareholders on record as of August 21st.
• The company reported earnings of $0.63 per share for the last quarter, exceeding the consensus estimate by $0.05, with a revenue increase of 68.2% year-over-year.
• The stock trades at approximately $100.64, with a market capitalization of $45.69 billion and a 52-week price range between $54.12 and $103.81.

Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Shareholders of record on Thursday, August 21st will be paid a dividend of 0.165 per share on Thursday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 21st.

Wheaton Precious Metals has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wheaton Precious Metals to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 36.1%.

Wheaton Precious Metals Price Performance

Shares of WPM traded up $0.85 during trading hours on Friday, hitting $100.64. The stock had a trading volume of 3,100,539 shares, compared to its average volume of 1,847,169. Wheaton Precious Metals has a 52 week low of $54.12 and a 52 week high of $103.81. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 74.00, a P/E/G ratio of 2.75 and a beta of 0.39. The company's fifty day moving average is $91.26 and its two-hundred day moving average is $80.35.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The business had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. Wheaton Precious Metals's revenue was up 68.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Equities analysts predict that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Wheaton Precious Metals

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Wheaton Precious Metals by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company's stock worth $1,396,556,000 after buying an additional 324,340 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Wheaton Precious Metals by 5.0% during the 4th quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock worth $530,057,000 after acquiring an additional 447,702 shares during the period. TD Asset Management Inc increased its holdings in shares of Wheaton Precious Metals by 5.0% in the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock valued at $582,876,000 after purchasing an additional 355,533 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Wheaton Precious Metals by 10.3% during the 2nd quarter. Bank of Montreal Can now owns 5,120,087 shares of the company's stock worth $460,736,000 after buying an additional 478,236 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Wheaton Precious Metals by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company's stock valued at $393,800,000 after buying an additional 470,651 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.

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