Wheaton Precious Metals Corp Plans Quarterly Dividend of $0.09 (WPM)
Wheaton Precious Metals Corp (NYSE:WPM) announced a quarterly dividend on Thursday, November 9th, NASDAQ reports. Stockholders of record on Monday, November 27th will be paid a dividend of 0.09 per share on Thursday, December 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, November 24th.
Wheaton Precious Metals has a dividend payout ratio of 59.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wheaton Precious Metals to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 52.2%.
Shares of Wheaton Precious Metals (NYSE:WPM) traded down $0.02 during mid-day trading on Monday, hitting $20.96. 2,374,263 shares of the stock traded hands, compared to its average volume of 3,162,947. The firm has a market cap of $9,281.09, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 6.87 and a beta of 0.30. Wheaton Precious Metals has a one year low of $16.94 and a one year high of $23.06. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.17.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $203.00 million during the quarter, compared to the consensus estimate of $220.84 million. Wheaton Precious Metals had a net margin of 24.02% and a return on equity of 5.54%. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. equities analysts expect that Wheaton Precious Metals will post 0.61 EPS for the current year.
WPM has been the subject of several research reports. Royal Bank Of Canada set a $27.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Monday, August 28th. BMO Capital Markets reissued a “buy” rating and issued a $28.00 price target on shares of Wheaton Precious Metals in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. TD Securities set a $28.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, TheStreet raised shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $26.00.
ILLEGAL ACTIVITY NOTICE: “Wheaton Precious Metals Corp Plans Quarterly Dividend of $0.09 (WPM)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/12/05/silver-wheaton-corp-plans-quarterly-dividend-of-0-09-wpm.html.
About Wheaton Precious Metals
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
Receive News & Ratings for Wheaton Precious Metals Corp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Wheaton Precious Metals Corp and related companies with MarketBeat.com’s FREE daily email newsletter.