Pan American Silver Corp. (NYSE:PAAS) to Issue Quarterly Dividend of $0.14

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, November 12th. Investors of record on Monday, November 24th will be given a dividend of 0.14 per share by the basic materials company on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 24th. This is a 16.7% increase from Pan American Silver’s previous quarterly dividend of $0.12.

Pan American Silver has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 2 years. Pan American Silver has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pan American Silver to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 27.3%.

Pan American Silver Stock Up 2.7%

Shares of NYSE:PAAS traded up $1.03 during trading on Thursday, reaching $39.40. 3,955,240 shares of the company traded hands, compared to its average volume of 5,062,252. The firm has a fifty day simple moving average of $37.05 and a 200 day simple moving average of $31.33. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. Pan American Silver has a 1-year low of $19.80 and a 1-year high of $42.57. The firm has a market cap of $16.63 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm had revenue of $854.60 million during the quarter, compared to analysts’ expectations of $867.76 million. During the same quarter last year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pan American Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake in shares of Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the last quarter. Rothschild Investment LLC acquired a new position in Pan American Silver during the 3rd quarter worth $36,000. City State Bank lifted its holdings in Pan American Silver by 74.4% during the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after buying an additional 435 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Pan American Silver by 93.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after buying an additional 497 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Pan American Silver by 3,111.4% in the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,089 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.