Wheaton Precious Metals Corp. (NYSE:WPM) Shareholders to Receive $0.20 Quarterly Dividend

Wheaton Precious Metals Corp. (NYSE:WPM) declared a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, November 19th will be given a dividend of $0.1950 per share on Thursday, December 3rd. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th.

Wheaton Precious Metals has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 2 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 $4.53 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 17.2%.

Wheaton Precious Metals Stock Up 0.7%

Shares of NYSE:WPM opened at $132.42 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $60.15 billion, a PE ratio of 29.36, a P/E/G ratio of 2.57 and a beta of 0.56. Wheaton Precious Metals has a 52 week low of $96.00 and a 52 week high of $165.76. The company’s fifty day moving average is $139.02 and its 200-day moving average is $133.75.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%. The firm had revenue of $771.73 million for the quarter, compared to analyst estimates of $787.10 million. Equities research analysts predict that Wheaton Precious Metals will post 4.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of large investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Wheaton Precious Metals by 0.5% in the 2nd quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company’s stock valued at $1,619,480,000 after purchasing an additional 78,618 shares in the last quarter. BlackRock Inc. bought a new position in Wheaton Precious Metals during the second quarter worth $581,250,000. The Manufacturers Life Insurance Company lifted its stake in Wheaton Precious Metals by 3.3% in the first quarter. The Manufacturers Life Insurance Company now owns 2,870,587 shares of the company’s stock valued at $376,387,000 after buying an additional 92,435 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Wheaton Precious Metals during the 2nd quarter worth about $351,708,000. Finally, Amundi lifted its holdings in shares of Wheaton Precious Metals by 3.2% in the 1st quarter. Amundi now owns 2,531,060 shares of the company’s stock worth $331,594,000 after purchasing an additional 77,903 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the gold, silver, palladium and cobalt produced by specific mining operations at predetermined prices.

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.