On March 3, 2011, Silver Wheaton announced its inaugural quarterly cash dividend of
US$0.03 per common share (
US$0.12 per common share, annually). This initial quarterly dividend was distributed on or about March 31, 2011.
On November 9, 2011, Silver Wheaton announced that it has adopted a new dividend policy linking quarterly dividend payments to operating cash flows in the prior quarter. The quarterly dividend per common share is now equal to 20% of the cash generated by operating activities in the previous quarter divided by the company’s outstanding common shares at the time the dividend is approved, all rounded to the nearest cent.
Based on this new policy, Silver Wheaton's fourth quarterly cash dividend for 2011 was US$0.09 per common share. The dividend was paid to holders of record of its common shares as of the close of business on November 23, 2011, and was distributed on or about December 5, 2011.
Dividend History
| EX Dividend Date |
Record Date |
Payable Date |
Amount |
| March 17, 2011 |
March 21, 2011 |
March 31, 2011 |
US$0.03 |
| June 16, 2011 |
June 20, 2011 |
June 30, 2011 |
US$0.03 |
| September 16, 2011 |
September 20, 2011 |
September 30, 2011 |
US$0.03 |
| November 21, 2011 |
November 23, 2011 |
December 5, 2011 |
US$0.09 |
| April 2, 2012 |
April 4, 2012 |
April 17, 2012 |
US$0.09 |
| May 21, 2012 |
May 23, 2012 |
June 6, 2012 |
US$0.09 |
The declaration and payment of dividends remains at the discretion of the Board and will depend on the company’s cash requirements, future prospects and other factors deemed relevant by the Board of Directors. The company does not currently offer a dividend reinvestment program (DRIP).
Pursuant to Canadian tax legislation, Canadian resident individuals who receive ‘eligible dividends’ will be entitled to an enhanced gross-up and dividend tax credit on such dividends. The company has designated that all dividends paid are ‘eligible dividends’ for these purposes.