Wheaton Precious Metals Announces 6.5% Dividend Increase to $0.165 Per Share

Wheaton Precious Metals Corp. (NYSE: WPM) has announced a 6.5% increase in its quarterly cash dividend, raising the payout to $0.165 per common share. The dividend will be distributed on or about June 10 to shareholders of record as of May 28. This dividend increase reflects the company's robust financial performance and commitment to delivering value to its investors. The company's Dividend Reinvestment Plan (DRIP) remains active, with shares issued through treasury at market price and no discount applied for this quarter.

As a leading precious metals streaming company, Wheaton Precious Metals offers investors a unique opportunity to gain exposure to commodity prices with a lower risk profile compared to traditional mining companies. The company is known for its high-quality portfolio of long-life, low-cost assets and consistently delivers some of the highest cash operating margins in the mining industry. This business model provides investors with exposure to precious metals prices while mitigating many of the operational risks associated with traditional mining operations.

The dividend increase demonstrates the company's financial stability and confidence in its ongoing business strategy. By maintaining a competitive dividend and pursuing accretive acquisitions, Wheaton Precious Metals continues to position itself as an attractive investment in the precious metals sector. The consistent dividend growth reflects the company's strong cash flow generation and disciplined capital allocation approach. Investors can learn more about the company's investment proposition through its corporate website at https://www.wheatonpm.com.

This dividend enhancement comes at a time when investors are increasingly seeking stable income streams combined with exposure to precious metals as a hedge against inflation and economic uncertainty. The company's streaming model, which involves providing upfront payments to mining companies in exchange for the right to purchase future production at reduced prices, has proven resilient through various market cycles. The increased dividend payout reinforces Wheaton Precious Metals' position as a reliable income generator within the natural resources sector while maintaining financial flexibility for future growth opportunities.