Wheaton Precious Metals Corp. (NYSE:WPM) Announces $0.20 Quarterly Dividend

Key Points

• Wheaton Precious Metals declared a quarterly dividend of $0.195 per share, payable September 3 to shareholders of record on August 20. The dividend implies an annualized payout of $0.78 and a yield of approximately 0.6%.
• The dividend appears well covered, with a current payout ratio of 34.5% and an expected future payout ratio of 16.0%; the company has also increased its dividend for two consecutive years.
• Wheaton reported quarterly earnings of $1.19 per share, beating estimates by $0.04, while revenue rose 84.7% year over year to $878 million. Its shares were trading up 2.1% at $125.34.

Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Thursday, August 20th will be paid a dividend of 0.195 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th.

Wheaton Precious Metals has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Wheaton Precious Metals has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wheaton Precious Metals to earn $4.86 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 16.0%.

Wheaton Precious Metals Trading Up 2.1%

NYSE:WPM opened at $125.34 on Friday. The firm has a 50 day moving average of $115.12 and a 200-day moving average of $130.80. The stock has a market capitalization of $56.92 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.55. Wheaton Precious Metals has a 1 year low of $90.94 and a 1 year high of $165.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The firm's quarterly revenue was up 84.7% on a year-over-year basis. As a group, analysts forecast that Wheaton Precious Metals will post 4.75 EPS for the current fiscal year.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company's activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.

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