Pan American Silver Corp. (NYSE:PAAS) Announces $0.10 Quarterly Dividend

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.10 per share by the basic materials company on Friday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.65%.

Pan American Silver has raised its dividend payment by an average of 5.6% per year over the last three years. Pan American Silver has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pan American Silver to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 31.7%.

Pan American Silver Stock Performance

NYSE PAAS opened at $24.29 on Thursday. Pan American Silver has a twelve month low of $12.19 and a twelve month high of $26.05. The firm has a 50-day simple moving average of $22.25 and a 200 day simple moving average of $21.88. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Pan American Silver had a positive return on equity of 3.07% and a negative net margin of 2.37%. As a group, research analysts forecast that Pan American Silver will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada lifted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.92.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.