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VANCOUVER, BC, Might 6, 2021 /PRNewswire/ – Wheaton Treasured Metals™ Corp. (“Wheaton” or the “Firm”) is happy to announce that its Board of Administrators has declared its second quarterly money dividend cost for 2021 of US$0.14 per frequent share, a rise of 40% relative to the comparable interval in 2020 and representing the third quarterly dividend enhance in a row.
Second Quarterly Dividend
The second quarterly money dividend for 2021 of US$0.14 might be paid to holders of file of Wheaton Treasured Metals frequent shares as of the shut of enterprise on Might 21, 2021 and might be distributed on or about June 3, 2021.
Below the Firm’s dividend coverage, the quarterly dividend per frequent share is focused to equal roughly 30% of the common money generated by working actions within the earlier 4 quarters divided by the Firm’s then excellent frequent shares, all rounded to the closest cent. To reduce volatility in quarterly dividends, the Firm has set a minimal quarterly dividend of $0.13 per frequent share at some stage in 2021.
The declaration, timing, quantity and cost of future dividends stay on the discretion of the Board of Administrators. This dividend qualifies as an ‘eligible dividend’ for Canadian earnings tax functions.
Dividend Reinvestment Plan
The Firm has beforehand applied a Dividend Reinvestment Plan (“DRIP”). Participation within the DRIP is non-compulsory. For the needs of this primary quarterly dividend, the Firm has elected to challenge frequent shares underneath the DRIP by way of treasury at a 1% low cost to the Common Market Value, as outlined within the DRIP. Nevertheless, the Firm might, every so often, in its discretion, change or get rid of the low cost relevant to Treasury Acquisitions, as outlined within the DRIP, or direct that such frequent shares be bought in Market Acquisitions, as outlined within the DRIP, on the prevailing market value, any of which might be publicly introduced.
The DRIP and enrollment varieties, together with direct deposit, can be found for obtain on the Firm’s web site at www.wheatonpm.com, within the ‘buyers’ part underneath the ‘dividends’ tab.
Registered shareholders may enroll within the DRIP on-line by way of the plan agent’s self-service net portal at: https://www.canstockta.com/en/InvestorServices/Investor_Information/Issuer_List/IssuerDetail.jsp?companyCode=1501.
Helpful shareholders ought to contact their monetary middleman to rearrange enrollment. All shareholders contemplating enrollment within the DRIP ought to rigorously evaluate the phrases of the DRIP and seek the advice of with their advisors as to the implications of enrollment within the DRIP.
This press launch just isn’t a proposal to promote or a solicitation of a proposal of securities. A registration assertion referring to the DRIP has been filed with the U.S. Securities and Change Fee and could also be obtained underneath the Firm’s profile on the U.S. Securities and Change Fee’s web site at http://www.sec.gov. A written copy of the prospectus included within the registration assertion could also be obtained by contacting the Company Secretary of the Firm at 1021 West Hastings Avenue, Suite 3500, Vancouver, British Columbia, Canada V6E 0C3.
CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS
This press launch accommodates “forward-looking statements” throughout the that means of america Personal Securities Litigation Reform Act of 1995 and “forward-looking data” throughout the that means of relevant Canadian securities laws regarding the enterprise, operations and monetary efficiency of Wheaton. Ahead-looking statements, that are all statements apart from statements of historic reality, embrace, however usually are not restricted to, statements with respect to future dividends. Ahead-looking statements are topic to identified and unknown dangers, uncertainties and different components that will trigger the precise outcomes, stage of exercise, efficiency or achievements of Wheaton to be materially completely different from these expressed or implied by such forward-looking statements together with dangers mentioned within the part entitled “Description of the Enterprise – Danger Components” in Wheaton’s Annual Info Type obtainable on SEDAR at www.sedar.com, Wheaton’s Type 40-F for the 12 months ended December 31, 2020 and Type 6-Okay filed March 31, 2021 each on file with the U.S. Securities and Change Fee on EDGAR and Wheaton’s Administration’s Dialogue and Evaluation for the three months ended March 31, 2021, obtainable on SEDAR at www.sedar.com and Type 6-Okay filed Might 6, 2021, obtainable on EDGAR. Ahead-looking statements are based mostly on assumptions administration at present believes to be cheap, together with (with out limitation) that there might be no materials hostile change out there value of commodities, that neither Wheaton nor the Mining Operations will undergo important impacts because of an epidemic (together with the COVID-19 virus pandemic), that the mining operations from which Wheaton purchases treasured metals will proceed to function, that every get together will fulfill their obligations in accordance with the dear metals buy agreements and that Wheaton’s utility of the CRA Settlement for years subsequent to 2010 is correct (together with the Firm’s evaluation that there might be no materials change within the Firm’s information or change in legislation or jurisprudence for years subsequent to 2010).
SOURCE Wheaton Treasured Metals Corp.