Wheaton Precious Metals Amends Dividend Policy; Declares First Quarterly Cash Dividend Payment For 2024 Of $0.155, Up From Prior Quarter's $0.15
Portfolio Pulse from Benzinga Newsdesk
Wheaton Precious Metals (WPM) has updated its dividend policy, moving from a system that distributed 30% of the average of the last four quarters' operating cash flows to a progressive dividend policy. This change is highlighted by an increase in the quarterly cash dividend for the first quarter of 2024 to $0.155, up from the previous quarter's $0.15.
March 14, 2024 | 9:14 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wheaton Precious Metals has revised its dividend policy to a progressive one, increasing its Q1 2024 dividend to $0.155 from $0.15.
The increase in dividend and the shift to a progressive dividend policy indicate a positive outlook on the company's future cash flows and profitability. This is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100