DIVIDEND DECLARATION Wheaton Precious Metals Declares Quarterly Dividend
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March 9, 2023
Vancouver, British Columbia
DIVIDEND DECLARATION
Wheaton Precious Metals Declares Quarterly Dividend
Vancouver, British Columbia – Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”)
is pleased to announce that its Board of Directors has declared its first quarterly cash dividend
payment for 2023 of US$0.15 per common share.
First Quarterly Dividend
The first quarterly cash dividend for 2023 of US$0.15 will be paid to holders of record of Wheaton
common shares as of the close of business on March 24, 2023, and will be distributed on or about
April 6, 2023. The ex-dividend trading date is March 23, 2023.
Under the Company’s dividend policy, for the 202 3 calendar year, the quarterly dividend per
common share is targeted to equal the greater of 30% of the average cash generated by operating
activities in the previous four quarters divided by the Company’s then outstanding common
shares, all rounded to the nearest cent and the dividend declared in the prior quarter. To minimize
volatility in quarterly dividends, the Company has set a minimum quarterly dividend for the
duration of 2023 equal to the dividend per common share declared in the prior quarter.
The declaration, timing, amount and payment of future dividends remain at the discretion of the
Board of Directors. This dividend qualifies as an ‘eligible di vidend’ 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. However, the Company may, from time to time, in its discretion, change or eliminate
the 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 and enrollment forms, including direct deposit, are available for download on the
Company’s website at www.wheatonpm.com, in the ‘investors’ section under the ‘dividends’ tab.
Registered shareholders may also enroll in the DRIP online through the plan agent’s self -service
web portal at: https://tsxtrust.com/DRIP
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.
This press release is not an offer to sell or a solicitation of an offer of securities. A registration
statement relating to the DRIP has been filed with the U.S. Securities and Exchange Commission
and may be obtained under the Company’s profile on the U.S. Securities and Exchange
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Commission’s website at http://www.sec.gov. A written copy of the prospectus included in the
registration statement may be obtained by contacting the Corporate Secretary of the Company at
1021 West Hastings Street, Suite 3500, Vancouver, British Columbia, Canada V6E 0C3.
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, whi ch 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.sedar.com and
Wheaton's Form 40-F for the year ended December 31, 2021 and Form 6-K filed March 31, 2022
both 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, 2022, available on SEDAR and in Wheaton’s Form 40 -F and Wheaton’s
Form 6 -K filed March 9, 2023 . Forward -looking statement s 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 the mining operations from
which Wheaton purchases precious met als will continue to operate, that each party will satisfy
their obligations in accordance with the precious metals purchase agreements, that neither
Wheaton nor the Mining Operations will suffer significant impacts as a result of an epidemic
(including the COVID-19 virus pandemic) and that Wheaton's application of the CRA Settlement
for years subsequent to 2010 is accurate (including the Company's assessment that there will be
no material change in the Company's facts or change in law or jurisprudence for years subsequent
to 2010) and possible domestic audits for taxation years subsequent to 2016 and international
audits.
For further information, please contact:
Patrick Drouin
Senior Vice President, Investor Relations
Wheaton Precious Metals Corp.
Tel: 1-844-288-9878
Email: [email protected]
Website: www.wheatonpm.com