Wheaton Precious Metals Announces Increase to Quarterly Dividend

Vancouver, British Columbia – 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 US$0.155 per common share, an increase from the fourth quarterly cash dividend payment for 2023 of US$0.15 per common share.

Amendment to Dividend Policy

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.

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.

First Quarterly Dividend

The first quarterly cash dividend for 2024 of US$0.155 will be paid to holders of record of Wheaton common shares as of the close of business on April 3, 2024, and will be distributed on or about April 15, 2024. The ex-dividend trading date is April 2, 2024.

News in full

In the interview below CEO Randy Smallwood provides an overview of the business and his view on the precious metals market