Friday 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, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid out on December 8, 2023. The stock is expected to open 15 cents lower on the ex-dividend date to reflect the dividend payout.
November 22, 2023 | 2:45 pm
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Wheaton Precious Metals (NYSE:WPM) will pay a 15 cents per share dividend, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of WPM is likely to decrease in the short term by the amount of the dividend, as the stock will trade ex-dividend on Monday. This is a common occurrence as the market adjusts for the payout, reducing the company's retained earnings and consequently its market capitalization.
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