The fourth quarterly cash dividend for 2021 of US$0.15 will be paid to holders of record of Wheaton Precious Metals common shares as of the close of business on November 22, 2021 and will be distributed on or about December 6, 2021.
Under the Company's dividend policy, the quarterly dividend per common share is targeted to equal approximately 30% of the average cash generated by operating activities in the previous four quarters divided by the Company's then outstanding common shares, all rounded to the nearest cent. To minimize volatility in quarterly dividends, the Company has set a minimum quarterly dividend of $0.13 per common share for the duration of 2021.
Other financial highlights include:
The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.
Over $200 million in operating cash flow during the third quarter and a record $650 million in the first nine months of 2021.
$269 million in revenue during the third quarter and a record $923 million in the first nine months of 2021.
$137 million in adjusted net earnings during the third quarter and a record $460 million in the first nine months of 2021.
Signed a non-binding term sheet with Rio Limited to enter into a precious metals purchase agreement in connection with the Fenix Gold project located in Chile.
Strong financial position with approximately $372 million in cash on hand and $2 billion of additional capacity through the revolving credit facility as of September 30, 2021.
Declared quarterly dividend of $0.15 per common share.