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Wheaton Precious Metals Increases Quarterly Dividend for the Fourth Quarter in a Row
Wheaton Precious Metals Increases Quarterly Dividend for the Fourth Quarter in a Row ...
About this update from Wheaton Precious Metals Corp
[{"type":"text","content":"\n \n \n \n Wheaton Precious Metals Increases Quarterly Dividend for the Fourth Quarter in a Row\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 TSX | NYSE | LSE: WPM\n \n \n \n DIVIDEND DECLARATION\n \n \n \n VANCOUVER, BC,\n \n Aug. 12, 2021\n \n /CNW/ - Wheaton Precious Metals™ Corp. (\"Wheaton\" or the \"Company\") is pleased to announce that its Board of Directors has declared its third quarterly cash dividend payment for 2021 of\n \n US$0.15\n \n per common share, an increase of 50% relative to the comparable period in 2020 and representing the fourth quarterly dividend increase in a row.\n \n \n \n \n Third Quarterly Dividend\n \n \n \n The third quarterly cash dividend for 2021 of\n \n US$0.15\n \n will be paid to holders of record of Wheaton Precious Metals common shares as of the close of business on\n \n August 27, 2021\n \n and will be distributed on or about\n \n September 9, 2021\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 $0.13\n \n per common share for the duration of 2021.\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 third quarterly dividend, the Company has elected to issue common shares under the DRIP through treasury at a 1% 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 discou...