Pan American Silver Corp. (NYSE:PAAS – Get Free Report) (TSE:PAAS) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, November 16th will be paid a dividend of $0.1850 per share by the basic materials company on Friday, November 27th. This represents a $0.74 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, November 16th. This is a 0.5% increase from Pan American Silver’s previous quarterly dividend of $0.1840.
Pan American Silver has raised its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Pan American Silver has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pan American Silver to earn $4.14 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 17.6%.
Pan American Silver Trading Up 8.5%
Shares of NYSE:PAAS opened at $41.53 on Thursday. Pan American Silver has a 52-week low of $33.36 and a 52-week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The company has a market capitalization of $17.19 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 4.30 and a beta of 0.76. The company has a 50-day simple moving average of $46.42 and a 200 day simple moving average of $51.59.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. Sell-side analysts forecast that Pan American Silver will post 3.34 earnings per share for the current year.
Pan American Silver Company Profile
Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.
Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company’s assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.
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