Wheaton Precious Metals Corp. (WPM) To Go Ex-Dividend on August 20th

Wheaton Precious Metals Corp. (NYSE:WPM) 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 by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Wheaton Precious Metals has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

WPM stock opened at $136.85 on Tuesday. The stock has a market capitalization of $62.15 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 2.38 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. The company’s 50-day moving average is $116.40 and its 200-day moving average is $130.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million for the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The business’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share. Equities research analysts expect that Wheaton Precious Metals will post 4.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Wheaton Precious Metals

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Wheaton Precious Metals by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock valued at $2,242,969,000 after purchasing an additional 289,939 shares in the last quarter. Van ECK Associates Corp grew its stake in Wheaton Precious Metals by 10.7% during the fourth quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock valued at $1,700,517,000 after acquiring an additional 1,402,092 shares in the last quarter. Capital International Investors increased its holdings in Wheaton Precious Metals by 1.2% during the 4th quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock worth $892,650,000 after acquiring an additional 93,599 shares during the period. Norges Bank bought a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $864,977,000. Finally, TD Asset Management Inc lifted its stake in Wheaton Precious Metals by 0.5% in the 4th quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock worth $857,598,000 after purchasing an additional 33,221 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Company Profile

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.