Pan American Silver Corp. (PAAS) to Issue Quarterly Dividend of $0.18 on March 13th

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, February 18th. Investors of record on Monday, March 2nd will be given a dividend of 0.18 per share by the basic materials company on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, March 2nd. This is a 28.6% increase from Pan American Silver’s previous quarterly dividend of $0.14.

Pan American Silver has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Pan American Silver has a dividend payout ratio of 29.6% meaning 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 5.5%

Shares of PAAS opened at $61.21 on Friday. The stock has a market capitalization of $25.82 billion, a P/E ratio of 24.49, a PEG ratio of 0.58 and a beta of 0.66. Pan American Silver has a twelve month low of $20.55 and a twelve month high of $69.99. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $55.75 and a two-hundred day simple moving average of $43.50.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 17.52%. The company’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. On average, research analysts anticipate that Pan American Silver will post 1.26 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. XTX Topco Ltd increased its stake in Pan American Silver by 123.9% in the 2nd quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock worth $1,486,000 after buying an additional 28,963 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its position in shares of Pan American Silver by 176.9% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock worth $4,445,000 after purchasing an additional 73,326 shares in the last quarter. J. Safra Sarasin Holding AG grew its position in shares of Pan American Silver by 117.9% during the third quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock worth $1,702,000 after purchasing an additional 23,780 shares in the last quarter. Hollencrest Capital Management raised its stake in Pan American Silver by 214.3% during the 3rd quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock valued at $4,711,000 after purchasing an additional 82,932 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Pan American Silver by 363.2% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock worth $5,879,000 after purchasing an additional 119,028 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.