Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) 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 yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th.
Wheaton Precious Metals has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Wheaton Precious Metals has a dividend payout ratio of 34.5% indicating that 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 Price Performance
Shares of NYSE WPM opened at $136.20 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $61.86 billion, a P/E ratio of 29.61, a P/E/G ratio of 2.33 and a beta of 0.56. The company’s 50-day moving average is $138.57 and its 200 day moving average is $133.73. Wheaton Precious Metals has a 1 year low of $96.14 and a 1 year high of $165.76.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its earnings results 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 business had revenue of $771.73 million for the quarter, compared to analysts’ expectations of $787.10 million. On average, sell-side analysts expect that Wheaton Precious Metals will post 4.54 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WPM. BlackRock Inc. bought a new position in Wheaton Precious Metals in the second quarter worth $581,250,000. Canada Pension Plan Investment Board bought a new position in Wheaton Precious Metals during the second quarter worth $351,708,000. Bank of America Corp DE bought a new position in Wheaton Precious Metals during the 2nd quarter worth $328,309,000. Legal & General Group Plc acquired a new position in shares of Wheaton Precious Metals in the second quarter valued at approximately $320,838,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at about $310,738,000. 70.34% of the stock is owned by hedge funds and other institutional investors.
About Wheaton Precious Metals
Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt.
Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.
The company was founded as Silver Wheaton in 2004 and adopted the Wheaton Precious Metals name in 2017.
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