Pan American Silver Corp. (NYSE:PAAS) Plans Dividend Increase – C$0.18 Per Share

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, August 12th. Shareholders 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 increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Pan American Silver has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pan American Silver to earn $5.42 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 13.3%.

Pan American Silver Trading Up 1.3%

Shares of NYSE:PAAS opened at $52.46 on Thursday. Pan American Silver has a 52 week low of $30.59 and a 52 week high of $69.99. The company’s 50 day moving average is $46.07 and its two-hundred day moving average is $53.35. The company has a market cap of $21.88 billion, a PE ratio of 16.87, a P/E/G ratio of 4.48 and a beta of 0.73. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business’s revenue was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. Equities analysts predict that Pan American Silver will post 4.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors have recently modified their holdings of PAAS. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Pan American Silver during the 2nd quarter worth approximately $130,636,000. Bank of Nova Scotia acquired a new stake in shares of Pan American Silver in the 2nd quarter worth approximately $24,513,000. Cadence Wealth Management LLC acquired a new stake in Pan American Silver in the second quarter worth approximately $1,206,000. Quantbot Technologies LP acquired a new position in shares of Pan American Silver in the 2nd quarter worth approximately $2,544,000. Finally, De Lisle Partners LLP bought a new position in shares of Pan American Silver in the second quarter valued at $2,588,000. Institutional investors own 55.43% of the company’s stock.

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.