Supporting Shareholders through Changes: Pan American Silver Ensures Stable Distribution amidst Decreased Profits
Portfolio Pulse from Benzinga Insights
Pan American Silver (NYSE:PAAS) will pay a dividend of $0.10 per share on December 1, 2023, with an annualized yield of 2.63%. Shareholders eligible for this dividend must have held the stock before November 17, 2023. The company has maintained a steady dividend despite a decrease in earnings per share from $0.43 in 2019 to $0.30 in 2022, indicating a focus on shareholder returns over earnings growth.
December 01, 2023 | 3:05 pm
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NEUTRAL IMPACT
Pan American Silver (PAAS) continues to support shareholders with a consistent dividend of $0.10 per share despite a decline in earnings per share over recent years.
While the steady dividend payout reflects a commitment to shareholder returns, the decrease in earnings per share could be a concern for the sustainability of future dividends. However, the short-term impact is likely neutral as the dividend remains unchanged, and the market may have already priced in the earnings information.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100