Wheaton Precious Metals Corp. (NYSE:WPM) Declares Quarterly Dividend of $0.20

Wheaton Precious Metals Corp. (NYSE:WPM) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.195 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th.

Wheaton Precious Metals has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Wheaton Precious Metals has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

NYSE:WPM opened at $125.34 on Friday. Wheaton Precious Metals has a 52 week low of $90.94 and a 52 week high of $165.76. The firm’s fifty day moving average is $115.12 and its 200-day moving average is $130.80. The firm has a market cap of $56.92 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.21 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last posted 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. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The firm had revenue of $878.00 million during the quarter, compared to analyst estimates of $879.29 million. During the same period last year, the company posted $0.63 EPS. The business’s quarterly revenue was up 84.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Wheaton Precious Metals will post 4.75 earnings per share for the current year.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of hedge funds have recently bought and sold shares of WPM. Assetmark Inc. boosted its holdings in Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Wheaton Precious Metals by 245.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock worth $29,000 after buying an additional 162 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of Wheaton Precious Metals by 100.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after acquiring an additional 117 shares in the last quarter. Hollencrest Capital Management grew its holdings in shares of Wheaton Precious Metals by 73.5% in the first quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $28,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

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.