Wednesday Is Your Last Chance To Buy Wheaton Precious Metals Before The Dividend Payout

Wednesday marks the last chance for investors to receive the next dividend payout from Wheaton Precious Metals WPM.

What's Happening

The company announced on Thursday that it would pay shareholders a quarterly dividend of 15 cents per share. On Thursday, Wheaton Precious Metals will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 15 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own WPM as of the end of Wednesday's session are eligible to receive the 15 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on September 07, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

See current stock movements Wheaton Precious Metals on Benzinga.