DIVIDEND DECLARATION - Wheaton Precious Metals Announces Quarterly Dividend

Rhea-AI Summary

Wheaton Precious Metals (WPM) has declared its third quarterly cash dividend for 2024 of US$0.155 per common share. The dividend will be paid to shareholders of record as of August 21, 2024, with distribution on or about September 4, 2024. The ex-dividend date is August 21, 2024. Wheaton has also implemented a Dividend Reinvestment Plan (DRIP), allowing shareholders to reinvest their dividends in additional company shares. For this dividend, Wheaton will issue shares through treasury at the Average Market Price without a discount. The DRIP is optional, and shareholders can enroll online or through their financial intermediaries.

Positive

• Consistent quarterly dividend payment of US$0.155 per share
• Implementation of a Dividend Reinvestment Plan (DRIP) for shareholders
• Option for shareholders to acquire additional shares through the DRIP

Negative

• None.

VANCOUVER, BC, Aug. 6, 2024 /PRNewswire/ - 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 2024 of US$0.155 per common share. The third quarterly cash dividend for 2024 will be paid to holders of record of Wheaton common shares as of the close of business on August 21, 2024, and will be distributed on or about September 4, 2024. The ex-dividend trading date is August 21, 2024.

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.

Dividend Reinvestment Plan

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.

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 DRIP, at the prevailing market price, any of which would be publicly announced.

The DRIP and enrollment forms, including direct deposit, are available for download on the Company's website at www.wheatonpm.com, in the 'investors' section under the 'dividends' tab.

Registered shareholders may also enroll in the DRIP online through the plan agent's self-service web portal at: https://tsxtrust.com/DRIP

Beneficial shareholders should contact their financial intermediary to arrange enrollment. All shareholders considering enrollment in the DRIP should carefully review the terms of the DRIP and consult with their advisors as to the implications of enrollment in the DRIP.

This press release is not an offer to sell or a solicitation of an offer of securities. A registration statement relating to the DRIP has been filed with the U.S. Securities and Exchange Commission and may be obtained under the Company's profile on the U.S. Securities and Exchange Commission's website at http://www.sec.gov. A written copy of the prospectus included in the registration statement may be obtained by contacting the Corporate Secretary of the Company at 1021 West Hastings Street, Suite 3500, Vancouver, British Columbia, Canada V6E 0C3.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to future dividends. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form available on SEDAR+ at www.sedarplus.ca and Wheaton's Form 40-F for the year ended December 31, 2023 filed March 28, 2024 on file with the U.S. Securities and Exchange Commission on EDGAR and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis for the year ended December 31, 2023, available on SEDAR+ and in Wheaton's Form 6-K filed March 19, 2024. Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that there will be no material adverse change in the market price of commodities, that estimations of future production from the mining operations and mineral reserves and resources are accurate, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements and royalty agreements, and that Wheaton's application of the CRA Settlement (including the Company's assessment that there will be no material change in the Company's facts or change in law or jurisprudence for years subsequent to 2010) and Wheaton's interpretation of, compliance with, and application of the 15% global minimum tax, are accurate and that expectations regarding the resolution of legal and tax matters will be achieved (including CRA audits involving the Company).   

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SOURCE Wheaton Precious Metals Corp.

FAQ

What is the amount of Wheaton Precious Metals' (WPM) third quarterly dividend for 2024?

Wheaton Precious Metals (WPM) has declared a third quarterly cash dividend of US$0.155 per common share for 2024.

When is the record date for Wheaton Precious Metals' (WPM) third quarterly dividend in 2024?

The record date for Wheaton Precious Metals' (WPM) third quarterly dividend in 2024 is August 21, 2024.

What is the payment date for Wheaton Precious Metals' (WPM) latest declared dividend?

The payment date for Wheaton Precious Metals' (WPM) latest declared dividend is on or about September 4, 2024.

Does Wheaton Precious Metals (WPM) offer a Dividend Reinvestment Plan (DRIP)?

Yes, Wheaton Precious Metals (WPM) offers a Dividend Reinvestment Plan (DRIP) that allows shareholders to reinvest their dividends in additional company shares.