Wheaton Precious Metals Corp. (WPM) to Issue Quarterly Dividend of C$0.20 on June 9th

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

Wheaton Precious Metals has raised its dividend payment by an average of 0.1%per year 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. Analysts expect Wheaton Precious Metals to earn $4.90 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 15.9%.

Wheaton Precious Metals Stock Performance

WPM stock opened at $126.39 on Monday. The firm has a market cap of $57.39 billion, a PE ratio of 31.92, a PEG ratio of 2.44 and a beta of 0.50. The firm’s 50 day moving average price is $134.50 and its 200-day moving average price is $129.70. Wheaton Precious Metals has a one year low of $84.46 and a one year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The firm had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 91.7% on a year-over-year basis. Equities research analysts predict that Wheaton Precious Metals will post 4.97 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.