Pan American Silver Corp. (PAAS) Declares Dividend Increase – $0.04 Per Share
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) announced a quarterly dividend on Tuesday, February 20th, Zacks reports. Stockholders of record on Monday, March 5th will be given a dividend of 0.035 per share by the basic materials company on Friday, March 16th. This represents a $0.14 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.03.
Shares of Pan American Silver (NASDAQ:PAAS) opened at $15.51 on Friday. Pan American Silver has a fifty-two week low of $13.99 and a fifty-two week high of $19.56. The stock has a market capitalization of $2,375.76, a price-to-earnings ratio of 19.63, a PEG ratio of 4.67 and a beta of 0.20.
PAAS has been the topic of several analyst reports. Scotiabank set a $21.00 price objective on Pan American Silver and gave the stock a “buy” rating in a report on Monday, January 8th. Royal Bank of Canada set a $22.00 price objective on Pan American Silver and gave the stock a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, January 25th. TheStreet upgraded Pan American Silver from a “c” rating to a “b” rating in a report on Wednesday. Finally, Citigroup upgraded Pan American Silver to an “outperform” rating in a report on Tuesday, November 21st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $21.41.
Pan American Silver Company Profile
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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