Pan American Silver Corp. (NYSE:PAAS) Increases Dividend to C$0.18 Per Share

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Monday, August 24th will be given a dividend of 0.184 per share by the basic materials company on Friday, September 4th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 24th. This is a 2.2% increase from Pan American Silver’s previous quarterly dividend of $0.18.

Pan American Silver has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 2 years. Pan American Silver has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pan American Silver to earn $5.42 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 13.3%.

Pan American Silver Price Performance

Shares of PAAS stock opened at $52.46 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The company has a market capitalization of $21.88 billion, a P/E ratio of 16.87, a P/E/G ratio of 4.48 and a beta of 0.73. The company’s 50-day simple moving average is $46.07 and its two-hundred day simple moving average is $53.35. Pan American Silver has a one year low of $30.59 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.During the same quarter in the previous year, the business earned $0.43 EPS. Pan American Silver’s revenue for the quarter was up 38.4% on a year-over-year basis. As a group, equities analysts anticipate that Pan American Silver will post 4.11 EPS for the current year.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.