VANCOUVER, BC, Nov. 7, 2024
/PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the
"Company") is pleased to announce that its Board of Directors has
declared its fourth quarterly cash dividend payment for 2024 of
US$0.155 per common share. The fourth
quarterly cash dividend for 2024 will be paid to holders of record
of Wheaton common shares as of the close of business on
November 21, 2024, and will be
distributed on or about December 6,
2024. The ex-dividend trading date is November 21, 2024.
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.
Dividend Reinvestment Plan
The Company has
previously implemented a Dividend Reinvestment Plan ("DRIP").
Participation in the DRIP is optional. For the purposes of this
quarterly dividend, the Company has elected to issue common shares
under the DRIP through treasury at the Average Market Price, as
defined in the DRIP, without a discount.
The Company may, from time to time, in its discretion, apply,
change or eliminate any discount applicable to Treasury
Acquisitions, as defined in the DRIP, or direct that such common
shares be purchased in Market Acquisitions, as defined in the DRIP,
at the prevailing market price, any of which would be publicly
announced.
The DRIP and enrollment forms, including direct deposit, are
available for download on the Company's website at
www.wheatonpm.com, in the 'investors' section under the 'dividends'
tab.
Registered shareholders may also enroll in the DRIP online
through the plan agent's self-service web portal at:
https://tsxtrust.com/DRIP
Beneficial shareholders should contact their financial
intermediary to arrange enrollment. All shareholders considering
enrollment in the DRIP should carefully review the terms of the
DRIP and consult with their advisors as to the implications of
enrollment in the DRIP.
This press release is not an offer to sell or a solicitation of
an offer of securities. A registration statement relating to the
DRIP has been filed with the U.S. Securities and Exchange
Commission and may be obtained under the Company's profile on the
U.S. Securities and Exchange Commission's website at
http://www.sec.gov. A written copy of the prospectus included in
the registration statement may be obtained by contacting the
Corporate Secretary of the Company at 1021 West Hastings Street,
Suite 3500, Vancouver, British
Columbia, Canada V6E 0C3.
CAUTIONARY NOTE REGARDING FORWARD
LOOKING-STATEMENTS
This press release contains
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian securities legislation concerning the business, operations
and financial performance of Wheaton. Forward-looking statements,
which are all statements other than statements of historical fact,
include, but are not limited to, statements with respect to future
dividends. Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Wheaton to be materially different from those expressed or implied
by such forward-looking statements including risks discussed in the
section entitled "Description of the Business – Risk Factors" in
Wheaton's Annual Information Form available on SEDAR+ at
www.sedarplus.ca and Wheaton's Form 40-F for the year ended
December 31, 2023 filed March 28, 2024 on file with the U.S. Securities
and Exchange Commission on EDGAR and the risks identified under
"Risks and Uncertainties" in Wheaton's Management's Discussion and
Analysis for the year ended December 31,
2023, available on SEDAR+ and in Wheaton's Form 6-K filed
March 19, 2024. Forward-looking
statements are based on assumptions management currently believes
to be reasonable, including (without limitation) that there will be
no material adverse change in the market price of commodities, that
estimations of future production from the mining operations and
mineral reserves and resources are accurate, that the mining
operations from which Wheaton purchases precious metals will
continue to operate, that each party will satisfy their obligations
in accordance with the precious metals purchase agreements and
royalty agreements, and that Wheaton's application of the CRA
Settlement (including the Company's assessment that there will be
no material change in the Company's facts or change in law or
jurisprudence for years subsequent to 2010) and Wheaton's
interpretation of, compliance with, and application of the 15%
global minimum tax, are accurate and that expectations regarding
the resolution of legal and tax matters will be achieved (including
CRA audits involving the Company).
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SOURCE Wheaton Precious Metals Corp.