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Wheaton Precious Metals Announces a 20% Increase in the Fourth Quarterly Dividend of 2020
Wheaton Precious Metals Announces a 20% Increase in the Fourth Quarterly Dividend of 2020...
About this update from Wheaton Precious Metals Corp
[{"type":"text","content":"\n \n \n \n Wheaton Precious Metals Announces a 20% Increase in the Fourth Quarterly Dividend of 2020\n \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 \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 9, 2020\n \n \n \n \n \n DIVIDEND DECLARATION\n \n \n \n TSX: WPM\n \n NYSE: WPM\n \n LSE: WPM\n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 9, 2020\n \n /CNW/ - Wheaton Precious Metals™ Corp. (\"Wheaton\" or the \"Company\") is pleased to announce that its Board of Directors has declared its fourth quarterly cash dividend payment for 2020 of\n \n US$0.12\n \n per common share, a 20% increase relative to the prior period dividend.\n \n \n \n \n Fourth Quarterly Dividend\n \n \n \n The fourth quarterly cash dividend for 2020 of gross\n \n US$0.12\n \n will be paid to holders of record of Wheaton Precious Metals common shares as of the close of business on\n \n November 25, 2020\n \n and will be distributed on or about\n \n December 10, 2020\n \n with an ex-dividend trading date anticipated to be\n \n December 8, 2020\n \n .\n \n \n Under the Company's dividend policy, the quarterly dividend per common share is targeted to equal approximately 30% 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. To minimize volatility in quarterly dividends, the Company has set a minimum quarterly dividend of\n \n $0.10\n \n per common share for the duration of 2020 representing an 11% increase relative to 2019. Under this policy, the forecast annualized dividend for 2020 would represent an increase of more than 90% over a five-year period.\n \n \n The 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 \n \n \n \n Dividend Reinvestment Plan\n \n \n \n The Company has previously implemented a Dividend Reinvestment Plan (\"DRIP\"). Participation in the DRIP is optional. For the purposes of this fourth quarterly...