Silver is a notoriously volatile metal capable of wide price swings in either direction.
Here’s a brief overview of five silver stocks that pay a dividend. Companies are listed in alphabetical order, and all data included was current as of April 26, 2024.
Market cap: C$9.4 4billion, US$6.91 billion; dividend yield: 2.09 percent
Market cap: GBP 4.92 billion; dividend yield: 2.03 percent
Market cap: C$33.44 billion, US$24.40 billion; dividend yield: 1.11 percent
Wheaton Precious Metals, a well-known name in the silver space largely because of its business model — it is the world’s biggest precious metals streaming company. Streaming companies operate differently from miners, making upfront payments to a variety of metals companies in order to gain the right to purchase all or a portion of their metal production at a low, fixed cost.
Market cap: C$798.82 million, US$626.35 million; dividend yield: 0.70 percent
Market cap: US$3.15 billion; dividend yield: 0.50 percent
The silver stock pays an annual minimum common stock dividend, distributing it on a quarterly basis. Hecla also pays a silver-price-linked common stock dividend based on the company’s average realized silver price for the preceding quarter. On March 25, 2024, Hecla paid out a quarterly cash dividend of $0.00625 per share of common stock ( $0.00375 per share for the minimum dividend component plus $0.0025 per share for the silver-linked component. A quarterly cash dividend of $0.875 per share of preferred stock, was paid on April 1, 2024.
Dividends are often issued as cash payments sent to a shareholder’s brokerage account, but can also be issued as stock or discounts on share purchases.
Contact your broker to learn more about how to take advantage of companies offering dividend programs. Some dividend stocks may also offer a dividend reinvestment program, allowing shareholders to automatically buy new shares with their dividends, either commission-free or at a reduced cost.
A company’s board of directors is responsible for setting a dividend policy and will determine the size of the dividend payout based on the firm’s long-term revenue outlook.
The size of an individual shareholder’s dividend payout depends on the number of shares owned in that company. For example, if an investor owned 1,000 shares of Wheaton Precious Metals, which is currently paying a dividend of US$0.15 per share, they would get US$150 every quarter — or US$600 annually.
This is an updated version of an article originally published by the Investing News Network in 2015.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Leave a Reply