Wheaton Precious Metals said on March 9, 2023 that its Board of Directors declared regular quarterly dividend $0.15 per share ($0.60 annualized). Previously, the company paid $0.15 per share.
Shares must have been purchased before the ex-split date of March 23, 2023, to qualify for the dividend. Shareholders of record as of March 24, 2023 will receive the payment on April 6, 2023.
At the current share price of $40.47/share, the stock’s dividend yield is 1.48%. Looking back five years and taking one sample each week, the average dividend yield has been 1.99%, with a low of 1.07%, and a high of 3.89%. The standard deviation of the yield is 0.72 (n=237).
The current dividend yield is 0.70 standard deviations below the historical average.
Additionally, the company has a dividend payout ratio of 0.41. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Indicates Downside of 0.48%
By March 11, 2023, average one year price target Wheaton is $40.28 for the precious metal. Forecasts range from a low of $32.77 to a high of $53.25. The average price target represents a decrease of 0.48% from its latest reported closing price of $40.47.
see our Leaderboard of companies With the biggest price target on the upside.
The estimated annual revenue for Wheaton Precious Metals is $1,172MM. Estimated Annual Non-GAAP eps
What is Fund Sentiment?
there are Reporting of 772 fund or institution positions Wheaton in Precious Metals. This is an increase of 64 owners or 9.04% over the previous quarter. average portfolio weight of all funds 0.45% devoted to WPM, a decrease of 2.17%. Total shares owned by institutions increased by 6.46% to 350,270K shares in the last three months. put/call ratio The WPM is 0.49, indicating a bullish outlook.
What are the big shareholders doing?
Capital World Investors
The company holds 30,971K shares representing 6.85% ownership. In its prior filing, the firm reported holdings representing 30,746K shares.
of 0.72%. Firm
Its portfolio allocation in WPM is down by 15.50% as compared to the previous quarter.
Van Eck Associates
The company holds 20,793K shares representing 4.60% ownership. In its prior filing, the firm reported representing 19,080K shares.
Its portfolio allocation in WPM is down by 14.26% as compared to the previous quarter.
First Eagle Investment Management
The company holds 20,234K shares representing 4.47% ownership. In its prior filing, the firm reported representing 19,403K shares.
Its portfolio allocation in WPM is down by 15.14% as compared to the previous quarter.
GDX – VanEck Vectors Gold Miners ETF
The company holds 18,137K shares representing 4.01% ownership. In its prior filing, the firm reported representing 16,350K shares.
of 9.85%. Firm
Its portfolio allocation in WPM is down by 4.99% as compared to the previous quarter.
Abalx – American Balanced Fund
The company holds 13,795K shares representing 3.05% ownership. No change from last quarter.
Wheaton Precious Metals Background Information
(This description is provided by the company.)
Wheaton Precious Metals Corp. is a multinational precious metals streaming company. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies as a by-product of their main operations.
This story originally appeared on fintail,
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