Wheaton Valuable Metals will increase its minimal quarterly dividend by 30% for 2021
VANCOUVER, BC, March 11, 2021 / PRNewswire / – Wheaton Valuable Metals ™ Corp. (“Wheaton” or the “Firm”) is happy to announce that its Board of Administrators has declared its first quarterly fee of money dividends for 2021 of $ 0.13 per widespread share, a rise of 30% in comparison with the comparable interval in 2020.
First quarterly dividend
The primary quarterly money dividend for 2021 of $ 0.13 will probably be paid to registered holders of widespread shares of Wheaton Valuable Metals on the shut of enterprise on March 26, 2021, and will probably be distributed on or about April 13, 2021.
Below the corporate’s dividend coverage, the quarterly dividend per widespread share is anticipated to equal roughly 30% of the typical money generated from working actions throughout the earlier 4 quarters, divided by the widespread shares then excellent. of the corporate, the entire rounded off to the closest hundred. To attenuate the volatility of quarterly dividends, the Firm has set a minimal quarterly dividend of $ 0.13 per bizarre share for the interval of 2021, a rise of 30% in comparison with 2020.
The declaration, timing, quantity and fee of future dividends stay on the discretion of the Board of Administrators. This dividend is taken into account an “eligible dividend” for Canadian revenue tax functions.
Dividend reinvestment plan
The corporate has already 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 situation widespread shares underneath the DRIP in money at a 1% low cost from the typical market value as outlined within the DRIP. Nonetheless, the Firm could, infrequently, at its discretion, modify or remove the low cost relevant to money acquisitions, as outlined within the DRIP, or order that such widespread shares be bought as a part of market acquisitions. ., as outlined within the DRIP, on the prevailing market value, any of which might be publicly introduced.
The DRIP and enrollment kinds, together with direct deposit, could be downloaded from the corporate’s web site at www.wheatonpm.com, within the “traders” 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 registration. All shareholders who’re contemplating enrolling within the DRIP ought to rigorously assessment the phrases and situations of the DRIP and seek the advice of their advisers as to the implications of becoming a member of the DRIP.
This press launch doesn’t represent a proposal to promote or a solicitation of a proposal of securities. A registration assertion referring to DRIP has been filed with the US Securities and Trade Fee and could be obtained underneath the corporate profile on the US Securities and Trade Fee web site at: http://www.sec.gov. A written copy of the prospectus included within the registration assertion could be obtained by contacting the Company Secretary of the Firm at 1021 West Hastings Avenue, Suite 3500, Vancouver, British Columbia, Canada V6E 0C3.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press launch incorporates “forward-looking statements” inside the that means of the US Non-public Securities Litigation Reform Act of 1995 and “forward-looking info” inside the that means of relevant Canadian securities legal guidelines relating to enterprise, operations and monetary efficiency. by Wheaton. Ahead-looking statements, that are all statements apart from statements of historic truth, embrace, however should not restricted to, statements relating to future dividends. Ahead-looking statements are topic to identified and unknown dangers, uncertainties and different components that will trigger Wheaton’s precise outcomes, degree of exercise, efficiency or achievements to vary materially from these expressed or underneath – understood by these forward-looking statements, together with the dangers mentioned. within the part titled “Enterprise Description – Danger Components” of Wheaton’s Annual Data Type accessible on SEDAR at www.sedar.com,, Wheaton Type 40-F for the finished yr December 31, 2019 and Type 6-Ok filed March 11, 2020 each filed with the US Securities and Trade Fee on EDGAR and Wheaton’s MD&A for the three months ended March 31, 2020 and 9 months ended September 30, 2020, each accessible on SEDAR at www.sedar.com and Type 6-Ok filed Might 7, 2020 and November 9, 2020, each accessible on EDGAR. Ahead-looking statements are primarily based on what administration at present believes to be affordable assumptions, together with (with out limitation) that there will probably be no materials antagonistic change available in the market value of the commodities, that neither Wheaton nor the mining operations is not going to expertise vital impacts as a consequence of an epidemic (together with the COVID-19 virus pandemic), that the mining operations from which Wheaton purchases valuable metals will proceed to function, that every occasion will meet its obligations underneath the agreements of buy of valuable metals and that Wheaton’s software of the CRA rule for years after 2010 is correct (together with the Firm’s evaluation that there will probably be no materials change within the information of the corporate or a change in legislation or case legislation for years after 2010).
SOURCE Wheaton Valuable Metals Corp.