Business
Silver Wheaton Declares First Quarterly Dividend Payment For 2016
Silver Wheaton Declares First Quarterly Dividend Payment For 2016 Silver Wheaton D...
About this update from Wheaton Precious Metals Corp
[{"type":"text","content":"\n\n\n\nSilver Wheaton Declares First Quarterly Dividend Payment For 2016\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSilver Wheaton Declares First Quarterly Dividend Payment For 2016\nCanada NewsWire\nVANCOUVER, March 16, 2016\n\n\n\nTSX:SLWNYSE:SLW\n\n\n\nVANCOUVER, March 16, 2016 /CNW/ - Silver Wheaton Corp. (\"Silver Wheaton\" or the \"Company\") (TSX:SLW) (NYSE:SLW) is pleased to announce that its Board of Directors has declared its first quarterly cash dividend payment for 2016 of US$0.05 per common share. \n\nFirst Quarterly Dividend\n\nThe first quarterly cash dividend of US$0.05 will be paid to holders of record of Silver Wheaton common shares as of the close of business on March 31, 2016, and will be distributed on or about April 14, 2016.  \n\nUnder the Company's dividend policy, the quarterly dividend per common share will be equal to 20% of the average cash generated by operating activities in the previous four quarters divided by the Company's then outstanding common shares, all rounded to the nearest cent.  \n\nThe declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes. \n\nDividend Reinvestment Plan\n\nThe Company has previously implemented a Dividend Reinvestment Plan (\"DRIP\"). Participation in the DRIP is optional. For the purposes of this first quarterly dividend, the Company has elected to issue common shares under the DRIP through treasury at a 3% discount to the Average Market Price, as defined in the DRIP. However, the Company may, from time to time, in its discretion, change or eliminate the discount applicable to Treasury Acquisitions, as defined in the DRIP, or direct that such common shares be purchased in Market Acquisitions, as defined in the DRIP, at the prevailing market price, any of which would be publicly announced. \n\nThe DRIP and enrollment forms are available for download on the Company's website at www.silverwheaton.com, accessible by quick links directly from the home ...