Pan American Silver Corp. (NYSE:PAAS) Plans Dividend Increase – $0.14 Per Share

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, November 12th. Investors of record on Monday, November 24th will be paid a dividend of 0.14 per share by the basic materials company on Friday, December 5th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 24th. This is a 16.7% increase from Pan American Silver’s previous quarterly dividend of $0.12.

Pan American Silver has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Pan American Silver has a payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pan American Silver to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 27.3%.

Pan American Silver Stock Performance

Shares of Pan American Silver stock traded up $0.95 on Thursday, reaching $39.32. 4,941,163 shares of the stock were exchanged, compared to its average volume of 5,067,395. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 0.44 and a beta of 0.63. Pan American Silver has a twelve month low of $19.80 and a twelve month high of $42.57. The business has a 50 day moving average price of $37.05 and a two-hundred day moving average price of $31.33. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $854.60 million during the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. Pan American Silver’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. Analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its position in Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after buying an additional 387 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Pan American Silver in the third quarter valued at approximately $36,000. City State Bank boosted its stake in Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after buying an additional 435 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after buying an additional 497 shares during the period. Finally, Assetmark Inc. raised its position in shares of Pan American Silver by 3,111.4% in the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after buying an additional 1,089 shares during the period. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.