Pan American Silver Corp. Plans Quarterly Dividend of $0.10 (NYSE:PAAS)

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.10 per share by the basic materials company on Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.65%.

Pan American Silver has increased its dividend by an average of 5.6% per year over the last three years. Pan American Silver has a dividend payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pan American Silver to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 31.7%.

Pan American Silver Stock Down 1.6 %

Shares of NYSE PAAS traded down $0.39 on Wednesday, reaching $24.29. 2,680,598 shares of the company’s stock traded hands, compared to its average volume of 2,915,053. Pan American Silver has a 12 month low of $12.19 and a 12 month high of $26.05. The business’s 50 day simple moving average is $22.24 and its two-hundred day simple moving average is $21.86. The company has a market cap of $8.82 billion, a price-to-earnings ratio of -142.84 and a beta of 1.28. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada raised their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $25.92.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.