Pan American Silver Corp. (NASDAQ:PAAS) Announces Quarterly Dividend of $0.06

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) announced a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Investors of record on Monday, August 19th will be paid a dividend of 0.062 per share by the basic materials company on Friday, August 30th. This represents a $0.25 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, August 16th.

Pan American Silver has decreased its dividend payment by an average of 20.2% per year over the last three years and has increased its dividend every year for the last 2 years. Pan American Silver has a dividend payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pan American Silver to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 23.7%.

NASDAQ:PAAS traded up $0.28 during mid-day trading on Wednesday, hitting $17.00. The stock had a trading volume of 88,615 shares, compared to its average volume of 2,528,708. The stock has a market capitalization of $3.56 billion, a PE ratio of 43.56, a price-to-earnings-growth ratio of 13.58 and a beta of 0.14. The stock’s 50 day moving average is $14.74. Pan American Silver has a 52 week low of $10.26 and a 52 week high of $17.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.83 and a quick ratio of 2.74.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Pan American Silver had a negative net margin of 2.39% and a positive return on equity of 0.60%. The firm had revenue of $282.90 million for the quarter, compared to the consensus estimate of $320.98 million. During the same period last year, the firm posted $0.23 EPS. Pan American Silver’s quarterly revenue was up 30.7% compared to the same quarter last year. Equities research analysts anticipate that Pan American Silver will post 0.31 EPS for the current year.

PAAS has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. TD Securities boosted their price target on shares of Pan American Silver from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, July 11th. Finally, ValuEngine downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.54.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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Dividend History for Pan American Silver (NASDAQ:PAAS)

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