Pan American Silver Corp. (NYSE:PAAS) Declares Dividend Increase – $0.18 Per Share

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, November 16th will be paid a dividend of $0.1850 per share by the basic materials company on Friday, November 27th. This represents a $0.74 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 16th. This is a 0.5% increase from Pan American Silver’s previous quarterly dividend of $0.1840.

Pan American Silver has increased its dividend by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 2 years. Pan American Silver has a payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pan American Silver to earn $4.14 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 17.6%.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $41.53 on Thursday. The company has a market cap of $17.19 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 4.30 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The firm has a 50 day simple moving average of $46.42 and a 200 day simple moving average of $51.59. Pan American Silver has a one year low of $33.36 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Research analysts predict that Pan American Silver will post 3.34 earnings per share for the current fiscal year.

Pan American Silver Company Profile

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company’s assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.