Pan American Silver Corp. (PAAS) To Go Ex-Dividend on August 24th

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced 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 yield of 1.4%. 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 raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Pan American Silver has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pan American Silver to earn $5.43 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 13.4%.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $53.11 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 4.82 and a beta of 0.73. Pan American Silver has a twelve month low of $31.60 and a twelve month high of $69.99. The company has a 50-day simple moving average of $46.31 and a two-hundred day simple moving average of $52.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business earned $0.43 EPS. Pan American Silver’s revenue was up 38.4% on a year-over-year basis. Analysts forecast that Pan American Silver will post 4.03 EPS for the current year.

Institutional Trading of Pan American Silver

Institutional investors have recently bought and sold shares of the company. NFJ Investment Group LLC purchased a new stake in Pan American Silver during the 2nd quarter valued at $25,000. Parallel Advisors LLC lifted its stake in shares of Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after buying an additional 387 shares in the last quarter. Fifth Third Bancorp increased its holdings in Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares during the last quarter. Danske Bank A S bought a new position in Pan American Silver during the second quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Pan American Silver during the 4th quarter valued at approximately $34,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

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.