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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, November 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date 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% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Pan American Silver has a payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of Pan American Silver stock opened at $41.53 on Thursday. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $46.42 and a two-hundred day moving average price of $51.59. Pan American Silver has a 1-year low of $33.36 and a 1-year high of $69.99. The company has a market cap of $17.19 billion, a P/E ratio of 12.55, a PEG ratio of 4.30 and a beta of 0.76.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. As a group, analysts anticipate that Pan American Silver will post 3.34 EPS for the current 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.