Wheaton Precious Metals Corp. (TSE:WPM) Declares Dividend Increase – $0.12 Per Share

Wheaton Precious Metals Corp. (TSE:WPM) declared a quarterly dividend on Thursday, November 9th, Zacks reports. Stockholders of record on Monday, November 27th will be given a dividend of 0.116 per share on Thursday, December 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, November 24th. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.10.

Wheaton Precious Metals (TSE WPM) remained flat at $C$26.62 during mid-day trading on Monday. 977,558 shares of the company’s stock traded hands, compared to its average volume of 1,010,840. Wheaton Precious Metals has a 12 month low of C$22.63 and a 12 month high of C$30.32.

A number of analysts recently commented on WPM shares. Eight Capital restated a “buy” rating on shares of Wheaton Precious Metals in a research report on Thursday, November 16th. CIBC lowered their price objective on shares of Wheaton Precious Metals from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Friday, August 11th. National Bank Financial upped their price objective on shares of Wheaton Precious Metals from C$30.00 to C$32.00 in a research report on Friday, August 11th. Canaccord Genuity lowered their target price on Wheaton Precious Metals from C$35.00 to C$34.00 in a report on Friday, August 11th. Finally, Royal Bank Of Canada lowered their target price on Wheaton Precious Metals to C$31.00 and set an “outperform” rating for the company in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wheaton Precious Metals currently has a consensus rating of “Buy” and an average target price of C$31.29.

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About Wheaton Precious Metals

Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects. 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.

Dividend History for Wheaton Precious Metals (TSE:WPM)

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