Wheaton Precious Metals Boosts Dividend by 6.5% for 2025

Published 8 hours agoWPM

Wheaton Precious Metals Boosts Dividend by 6.5% for 2025

Wheaton Precious Metals Corp. has announced a 6.5% increase in its quarterly dividend for the first quarter of 2025, raising it to $0.165 per common share. This marks the second consecutive year of dividend growth, indicative of the company's strong financial performance and its commitment to returning value to shareholders. Shareholders of record as of April 1, 2025, can expect the new dividend distribution around April 11, 2025.

The dividend hike comes on the back of a successful year for Wheaton, with record revenue of $1.28 billion reported in 2024—a 26% increase from the previous year. According to Shareprices.com, this financial upturn is largely attributed to improved gold grades and recoveries at Salobo and better grades at Constancia. Wheaton also exceeded its production guidance, with a 19% increase in attributable gold equivalent production in the first quarter of 2024 compared to 2023.

The company's ability to increase dividends is supported by its solid financial standing. As of March 31, 2024, Wheaton maintained a robust balance sheet with $306 million in cash, no debt, and an undrawn $2 billion revolving credit facility. These financial strengths reflect Wheaton's effective management and capacity to ensure consistent shareholder returns.

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