Wednesday Is Your Last Chance To Buy Wheaton Precious Metals Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Wheaton Precious Metals (NYSE:WPM) has announced a quarterly dividend of 15 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders who own WPM as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 07, 2023.
August 21, 2023 | 2:45 pm
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Wheaton Precious Metals has announced a quarterly dividend of 15 cents per share. The stock will likely trade lower on the ex-dividend date.
The announcement of a dividend payout usually leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by roughly the amount of the dividend payout, as the company's assets have effectively decreased by the amount of the payout. In this case, Wheaton Precious Metals' stock is expected to open 15 cents lower on the ex-dividend date.
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