Pan American Silver Corp. (PAAS) to Distribute Quarterly Dividend of C$0.18 on September 4th

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Monday, August 24th will be given a dividend of 0.184 per share by the basic materials company on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a 2.2% increase from Pan American Silver’s previous quarterly dividend of $0.18.

Pan American Silver has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Pan American Silver has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pan American Silver to earn $5.42 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 13.3%.

Pan American Silver Trading Down 9.6%

Shares of Pan American Silver stock opened at $47.33 on Friday. Pan American Silver has a 12-month low of $30.59 and a 12-month high of $69.99. The stock has a market capitalization of $19.74 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 4.53 and a beta of 0.73. The company has a 50-day simple moving average of $45.95 and a 200 day simple moving average of $53.23. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.11). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.28%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. Research analysts expect that Pan American Silver will post 4.11 earnings per share for the current fiscal year.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.