Wheaton Precious Metals (NYSE: WPM) boosts quarterly dividend by 18%
Rhea-AI Filing Summary
Wheaton Precious Metals Corp. declared its second quarterly 2026 cash dividend of US$0.195 per common share, an 18% increase from the same quarter in 2025. Shareholders of record as of May 27, 2026 will receive the dividend on or about June 9, 2026, with the ex-dividend date also on May 27, 2026.
The dividend qualifies as an eligible dividend for Canadian tax purposes. Wheaton’s Dividend Reinvestment Plan remains available, and for this dividend the company will issue shares from treasury at the DRIP’s Average Market Price without a discount, allowing shareholders to reinvest dividends directly into additional common shares.
Positive
- 18% dividend increase for the second quarterly 2026 payment to US$0.195 per share, signaling confidence in cash generation and enhancing income for shareholders.
Negative
- None.
Insights
Wheaton lifts its quarterly dividend 18%, reinforcing a shareholder-income focus.
Wheaton Precious Metals is raising its second quarterly 2026 dividend to US$0.195 per share, up 18% from the comparable 2025 quarter. A double‑digit increase suggests management is comfortable returning more cash while maintaining its existing capital priorities.
The company will source shares for its Dividend Reinvestment Plan from treasury at the DRIP’s Average Market Price, with no discount for this dividend. That means reinvesting shareholders gain convenient automatic share accumulation, while Wheaton can modestly raise equity capital without underwriting costs.
Future dividend levels remain at the Board’s discretion, and the forward‑looking language highlights exposure to commodity prices, mine performance and counterparty obligations. Subsequent quarterly declarations will show whether this higher per‑share level is sustained or adjusted as business conditions evolve.
Key Figures
Key Terms
Dividend Reinvestment Plan financial
eligible dividend financial
Average Market Price financial
forward-looking statements regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 Under the
Securities Exchange Act of 1934
May 7, 2026
Commission File Number: 001-32482
WHEATON PRECIOUS METALS CORP.
(Exact name of registrant as specified in its charter)
Suite 3500 - 1021 West Hastings St.
Vancouver, British Columbia
V6E 0C3
(604) 684-9648
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
| Form 20-F ☐ | Form 40-F þ |
DOCUMENTS FILED AS PART OF THIS FORM 6-K
See the Exhibit Index to this Form 6-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WHEATON PRECIOUS METALS CORP. | ||||
| (Registrant) | ||||
| May 7, 2026 | By: | /s/ Curt Bernardi | ||
| Name: | Curt Bernardi | |||
| Title: | Senior Vice President, Legal | |||
| and Corporate Secretary | ||||
-2-
EXHIBIT INDEX
| 99.1 | News Release Dated May 7, 2026 |
- 3 -
Exhibit 99.1
DIVIDEND DECLARATION - Wheaton Precious Metals Announces Quarterly Dividend
VANCOUVER, BC, May 7, 2026 /CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its Board of Directors has declared its second quarterly cash dividend payment for 2026 of US$0.195 per common share, an 18% increase from the second quarterly cash dividend declared in 2025.
The second quarterly cash dividend for 2026 will be paid to holders of record of Wheaton common shares as of the close of business on May 27, 2026, and will be distributed on or about June 9, 2026. The ex-dividend trading date is May 27, 2026.
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 enrollment forms, including direct deposit, are available for download on the Company's website at www.wheatonpm.com, in the 'Investors' section under the 'Shareholder information' and 'Dividends' tabs.
Registered shareholders may also enroll in the DRIP online through the plan agent's self-service web portal.
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.
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, 2025 filed March 31, 2026 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, 2025, available on SEDAR+ and in Wheaton's Form 6-K to filed March 12, 2026. 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 assessment of taxes payable is accurate.
View original content:https://www.prnewswire.com/news-releases/dividend-declaration - -wheaton-precious-metals-announces-quarterly-dividend-302766212.html
SOURCE Wheaton Precious Metals Corp.
View original content: http://www.newswire.ca/en/releases/archive/May2026/07/c6767.html
%CIK: 0001323404
For further information: For further information, please contact: Emma Murray, Vice President, Investor Relations, Wheaton Precious Metals Corp., Tel: 1-844-288-9878, Email: info@wheatonpm.com
CO: Wheaton Precious Metals Corp.
CNW 17:00e 07-MAY-26