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Wheaton Precious Metals Announces Increase to Quarterly Dividend
Wheaton Precious Metals Announces Increase to Quarterly Dividend Canada NewsWire ...
About this update from Wheaton Precious Metals Corp
[{"type":"text","content":"\n \n \n \n Wheaton Precious Metals Announces Increase to Quarterly Dividend\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 \n \n \n DIVIDEND DECLARATION\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 14, 2024\n \n \n /CNW/ - Wheaton Precious Metals™ Corp. (\"Wheaton\" or the \"Company\") is pleased to announce that its Board of Directors has declared its first quarterly cash dividend payment for 2024 of\n \n US$0.155\n \n per common share, an increase from the fourth quarterly cash dividend payment for 2023 of\n \n US$0.15\n \n per common share.\n \n \n \n \n Amendment to Dividend Policy\n \n \n \n \n The Company has revised its dividend policy, transitioning from distributing 30% of the average of the previous four quarters' operating cash flows to shareholders, to adopting a progressive dividend policy marked by an increase to our 2024 annual dividend.\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 First Quarterly Dividend\n \n \n \n \n The first quarterly cash dividend for 2024 of\n \n US$0.155\n \n will be paid to holders of record of Wheaton common shares as of the close of business on\n \n April 3, 2024\n \n , and will be distributed on or about\n \n April 15, 2024\n \n . The ex-dividend trading date is\n \n April 2, 2024\n \n .\n \n \n \n \n Dividend Reinvestment Plan\n \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 quarterly dividend, the Company has elected to issue common shares under the DRIP through treasury at the Average Market Price, as defined in the DRIP, without a discount.\n \n \n The Company may, from time to time, in its discretion, apply, change or eliminate any 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 ...