Wheaton Precious Metals Corp. (WPM) to Issue Quarterly Dividend of $0.17 on December 4th

Wheaton Precious Metals Corp. (NYSE:WPM) announced a quarterly dividend on Thursday, November 6th. Shareholders 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 yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 20th.

Wheaton Precious Metals has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Wheaton Precious Metals has a payout ratio of 29.2% meaning 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 Trading Up 2.9%

WPM stock opened at $99.05 on Friday. The company has a market capitalization of $44.97 billion, a P/E ratio of 57.25, a PEG ratio of 1.67 and a beta of 0.38. The business has a 50 day simple moving average of $104.02 and a 200-day simple moving average of $94.53. Wheaton Precious Metals has a twelve month low of $55.47 and a twelve month high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The company’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 EPS. Research analysts predict that Wheaton Precious Metals will post 1.46 EPS for the current fiscal 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.