Pan American Silver Corp. (PAAS) To Go Ex-Dividend on November 24th

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, November 12th. Investors of record on Monday, November 24th will be given a dividend of 0.14 per share by the basic materials company on Friday, December 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, November 24th. This is a 16.7% increase from Pan American Silver’s previous quarterly dividend of $0.12.

Pan American Silver has increased its dividend 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 payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pan American Silver to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 31.8%.

Pan American Silver Trading Up 0.7%

NYSE:PAAS opened at $36.72 on Friday. Pan American Silver has a 1 year low of $19.80 and a 1 year high of $42.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The stock has a fifty day moving average price of $37.37 and a two-hundred day moving average price of $31.93. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 0.44 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.Pan American Silver’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. As a group, sell-side analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Institutional Trading of Pan American Silver

A number of large investors have recently made changes to their positions in PAAS. Van ECK Associates Corp increased its position in Pan American Silver by 51.8% during the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after purchasing an additional 15,405,762 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Pan American Silver by 21.2% during the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after buying an additional 3,006,055 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Pan American Silver by 38.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock valued at $560,149,000 after buying an additional 4,037,311 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after buying an additional 882,135 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Pan American Silver by 5,674.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after acquiring an additional 6,034,755 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Company Profile

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.