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

Wheaton Precious Metals Corp. (NYSE:WPM) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Thursday, November 20th will be paid a dividend of 0.165 per share on Thursday, December 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, November 20th.

Wheaton Precious Metals has raised its dividend payment by an average of 0.1%annually 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 29.2% indicating that its dividend is sufficiently covered by earnings. 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

WPM stock traded up $1.82 during mid-day trading on Friday, reaching $98.10. The company had a trading volume of 779,562 shares, compared to its average volume of 1,980,479. The firm has a 50 day moving average of $104.05 and a 200 day moving average of $94.43. Wheaton Precious Metals has a 12 month low of $55.47 and a 12 month high of $114.36. The company has a market capitalization of $44.54 billion, a PE ratio of 56.70, a price-to-earnings-growth ratio of 1.67 and a beta of 0.38.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $476.26 million during the quarter, compared to the consensus estimate of $495.53 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm’s quarterly revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Analysts anticipate that Wheaton Precious Metals will post 1.46 EPS for the current year.

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.