Pan American Silver Corp. (PAAS) to Issue Quarterly Dividend of $0.18 on November 27th

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, November 4th. Stockholders 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 dividend 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 raised 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 38.6% indicating that its dividend is sufficiently covered by earnings. 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 Down 2.3%

PAAS stock opened at $40.52 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. Pan American Silver has a 1-year low of $33.62 and a 1-year high of $69.99. The firm has a fifty day moving average price of $46.18 and a two-hundred day moving average price of $51.52. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 4.66 and a beta of 0.76.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Pan American Silver had a net margin of 35.18% and a return on equity of 21.05%. Pan American Silver’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. Research analysts predict 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.