VANCOUVER - Wheaton Precious Metals (NYSE:WPM) Corp., a mining company, has declared an increased quarterly cash dividend for the second quarter of 2025. The dividend of $0.165 per common share represents a 6.5% hike from the same quarter in the previous year.
The dividend will be payable to shareholders of record as of the close of business on May 28, 2025, and is expected to be distributed on or around June 10, 2025. The ex-dividend date, when the stock starts trading without the dividend’s value, is also set for May 28, 2025.
Wheaton’s Board of Directors retains discretion over the declaration, timing, and amount of future dividends, which are contingent on the company’s earnings, financial condition, cash requirements, and other factors. The announced dividend qualifies as an ’eligible dividend’ for Canadian income tax purposes, which may offer tax advantages for Canadian taxpayers.
The company also reminded investors about its Dividend Reinvestment Plan (DRIP), which allows shareholders to reinvest their cash dividends in additional common shares. For this dividend, shares issued under the DRIP will be sourced from treasury at the Average Market Price without any discount. However, the company reserves the right to adjust or eliminate any discount for Treasury Acquisitions or direct that shares be purchased at prevailing market prices in the future.
Shareholders interested in participating in the DRIP can find enrollment forms on the Wheaton Precious Metals website or through the plan agent’s self-service web portal. Beneficial shareholders are advised to contact their financial intermediary to arrange enrollment.
The company’s press release also includes forward-looking statements regarding its business operations and financial performance, which are subject to various risks and uncertainties. These could affect the actual results and performance of Wheaton Precious Metals, including the future payment of dividends.
Investors are encouraged to review the terms of the DRIP and consult with their advisors regarding the implications of enrollment. The information in this article is based on a press release statement from Wheaton Precious Metals Corp.
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