Silver Wheaton Corp (NYSE:WPM) announced a quarterly dividend on Friday, August 11th, NASDAQ reports. Investors of record on Friday, August 25th will be paid a dividend of 0.10 per share on Friday, September 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, August 23rd. This is an increase from Silver Wheaton Corp’s previous quarterly dividend of $0.07.
Shares of Silver Wheaton Corp (NYSE:WPM) opened at 18.91 on Friday. Silver Wheaton Corp has a one year low of $16.94 and a one year high of $30.18. The company’s 50 day moving average is $19.59 and its 200-day moving average is $20.35. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 38.67 and a beta of 0.40.
Silver Wheaton Corp (NYSE:WPM) last released its earnings results on Thursday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. Silver Wheaton Corp had a net margin of 25.05% and a return on equity of 5.90%. The company had revenue of $200 million for the quarter, compared to the consensus estimate of $217.81 million. During the same quarter in the previous year, the company earned $0.14 EPS. Silver Wheaton Corp’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities analysts expect that Silver Wheaton Corp will post $0.60 EPS for the current year.
A number of research analysts recently issued reports on WPM shares. Zacks Investment Research downgraded shares of Silver Wheaton Corp from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $27.00 target price on shares of Silver Wheaton Corp in a research report on Sunday, June 18th. Royal Bank Of Canada set a $27.00 target price on shares of Silver Wheaton Corp and gave the company a “buy” rating in a research report on Monday, June 19th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $29.00 target price (down previously from $31.00) on shares of Silver Wheaton Corp in a research report on Sunday, June 25th.
About Silver Wheaton Corp
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.
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