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

Wheaton Precious Metals Corp. (NYSE:WPMGet Free Report) announced a quarterly dividend on Thursday, May 7th. Investors of record on Wednesday, May 27th will be given a dividend of 0.195 per share on Tuesday, June 9th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 27th.

Wheaton Precious Metals has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Wheaton Precious Metals has a payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wheaton Precious Metals to earn $4.77 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 16.4%.

Wheaton Precious Metals Stock Performance

WPM traded up $2.85 during trading on Friday, hitting $134.41. The stock had a trading volume of 669,437 shares, compared to its average volume of 2,440,304. The firm has a market capitalization of $61.04 billion, a P/E ratio of 41.58, a PEG ratio of 2.59 and a beta of 0.50. The company’s 50-day moving average price is $138.97 and its 200 day moving average price is $126.88. Wheaton Precious Metals has a twelve month low of $75.42 and a twelve month high of $165.76.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a net margin of 63.58% and a return on equity of 17.17%. Wheaton Precious Metals’s revenue was up 91.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. As a group, equities analysts expect that Wheaton Precious Metals will post 4.88 earnings per share for the current fiscal year.

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Wheaton Precious Metals Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Wheaton Precious Metals (NYSE:WPM)

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