Wheaton Precious Metals Increases Quarterly Dividend Amid Strong Financial Results
- Wheaton Precious Metals announces a 6.5% increase in its quarterly dividend to US$0.165 per share for 2025.
- The company reports record revenues of $503 million and net earnings of $292 million for Q2 2025.
- Wheaton maintains a strong asset base with a solid balance sheet, featuring $1 billion in cash and no debt.
Wheaton Precious Metals Declares Increased Quarterly Dividend Amid Strong Financial Performance
Wheaton Precious Metals™ Corp. announces a third quarterly cash dividend for 2025, set at US$0.165 per common share, reflecting a 6.5% increase compared to the same quarter in 2024. This move underscores the company's robust financial health, as it prepares to reward shareholders on record as of August 21, 2025, with distribution expected around September 4, 2025. The ex-dividend date is also aligned with the record date, simplifying the process for stakeholders. Notably, Wheaton's Board of Directors retains discretion over future dividends, emphasizing a careful approach to financial management in response to market conditions. Furthermore, this dividend qualifies as an ‘eligible dividend’ for Canadian income tax purposes, enhancing its appeal for Canadian investors.
The company's Dividend Reinvestment Plan (DRIP) allows shareholders to reinvest dividends in additional shares without a discount, calculated based on the Average Market Price. Shareholders are encouraged to enroll in the DRIP through Wheaton’s website or through financial intermediaries, although they are advised to consult with their financial advisors regarding the implications of participation. This initiative not only fosters shareholder loyalty but also supports the company’s strategy of maintaining a strong capital base by reinvesting earnings back into the business.
In conjunction with the dividend announcement, Wheaton Precious Metals showcases exceptional financial results for the second quarter of 2025, reporting record revenues of $503 million and net earnings of $292 million. The company attributes this performance to a successful growth strategy, including the commencement of commercial production at Artemis Gold's Blackwater mine and the completion of the first gold pour at B2Gold's Goose project. This strong operational performance is complemented by a healthy balance sheet, featuring a cash reserve of $1 billion and no outstanding debt. Wheaton's asset base remains solid, with a portfolio of streaming and royalty agreements across 20 operating mines and 26 development projects, of which 83% stem from low-cost assets.
Wheaton Precious Metals continues to solidify its position as a leader in sustainability within the mining sector. The company achieves top ratings from Sustainalytics, MSCI, and ISS, and is recognized among the top 10 in Corporate Knights' Best 50 Corporate Citizens in Canada. Its annual Sustainability Report highlights Wheaton's commitment to responsible business practices and transparency, further solidifying its reputation as a forward-thinking player in the precious metals market. As development projects progress, including significant initiatives like Mineral Park and Platreef, Wheaton is well-positioned for sustained growth in the coming years.