Wheaton Precious Metals Corp. (NYSE:WPM) Announces Quarterly Dividend of $0.16

Wheaton Precious Metals Corp. (NYSE:WPMGet Free Report) declared a quarterly dividend on Thursday, May 9th, NASDAQ reports. Stockholders of record on Wednesday, May 29th will be paid a dividend of 0.155 per share on Tuesday, June 11th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, May 29th.

Wheaton Precious Metals has raised its dividend by an average of 12.6% annually over the last three years and has raised its dividend every year for the last 1 years. Wheaton Precious Metals has a dividend payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Wheaton Precious Metals to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 41.6%.

Wheaton Precious Metals Stock Up 1.3 %

Shares of Wheaton Precious Metals stock opened at $56.41 on Monday. Wheaton Precious Metals has a 12-month low of $38.37 and a 12-month high of $57.87. The stock has a 50 day moving average price of $51.67 and a two-hundred day moving average price of $48.18. The stock has a market capitalization of $25.57 billion, a P/E ratio of 43.39, a PEG ratio of 2.05 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. The business had revenue of $296.80 million during the quarter, compared to the consensus estimate of $278.95 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. Wheaton Precious Metals’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. Sell-side analysts anticipate that Wheaton Precious Metals will post 1.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Berenberg Bank lifted their price target on Wheaton Precious Metals from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. CIBC increased their price objective on Wheaton Precious Metals from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $53.00 in a research report on Monday, March 18th. Finally, Jefferies Financial Group increased their price target on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.33.

View Our Latest Stock Report on Wheaton Precious Metals

About Wheaton Precious Metals

(Get Free Report)

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.

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Dividend History for Wheaton Precious Metals (NYSE:WPM)

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