Wheaton Precious Metals Logs Higher 4Q Net Income, Boosts Dividend 18%
By Amira McKee
Wheaton Precious Metals logged higher net income as gold prices boosted revenue, and raised its quarterly dividend.
The precious metals streaming company on Thursday said it recorded fourth-quarter net income of $558.3 million, or $1.23 a share, compared with $88.1 million, or 19.4 cents a share, a year earlier.
Adjusted earnings came in at $1.22 a share, beating the $1.10 analysts polled by FactSet expected.
Revenue more than doubled to $864.7 million, ahead of Wall Street's forecast for $778.9 million, according to FactSet.
The top-line gains were primarily driven by a 69% increase in the average realized gold equivalent price.
Wheaton also said its board raised its dividend 18% to 19.5 cents a share from 16.5 cents.
The new payout, equal to 78 cents a year, represents an annual yield of 0.5% based on the stock's latest closing price of $145.73.
The dividend will be distributed on or about April 10, to shareholders of record as of the close of business on March 31.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
March 12, 2026 18:15 ET (22:15 GMT)
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