Wheaton Precious Metals Increases Dividend by 18% to $0.195, Posts $2.3B Revenue
Wheaton Precious Metals raised its quarterly dividend by 18% to $0.195 per share, payable April 10 to holders of record March 31, 2026. The company reported record full-year 2025 revenue of $2.3146B, net earnings of $1.472B and operating cash flow of $1.9B, surpassing guidance.
1. Dividend Increase and DRIP
The Board declared a first quarterly cash dividend for 2026 of US$0.195 per common share, up 18% from US$0.165 in the prior quarter, payable on April 10, 2026 to shareholders of record at the close on March 31. The Company’s Dividend Reinvestment Plan remains optional, issuing shares from treasury at the average market price without discount.
2. Record Annual Financial Performance
In 2025, Wheaton achieved record full-year revenue of US$2.3146 billion, net earnings of US$1.472 billion and operating cash flow of US$1.9 billion versus US$1.2846 billion, US$529.1 million and US$1.1 billion in 2024. Fourth-quarter revenue reached US$864.7 million with net earnings of US$558.3 million and operating cash flow of US$746 million.
3. Production Growth and Guidance Beat
Attributable gold equivalent production rose 8.6% to 689,864 ounces in 2025, with Q4 output of 205,000 ounces up 8% year-over-year. Annual output exceeded the 600,000–670,000 GEO guidance range, driven by higher grades and throughput at Salobo and Peñasquito and the start of Blackwater production.
4. Leadership Transition and Strategic Growth
Haytham Hodaly will succeed Randy Smallwood as Chief Executive Officer on March 31, 2026 under the Company’s succession plan. Wheaton also expanded its portfolio with streaming agreements at Hemlo, Spring Valley and Antamina and secured top sustainability ratings from MSCI, Sustainalytics and Corporate Knights.