Wheaton Precious Metals Q2 Surpasses Expectations, Raises Dividend 18%

Wheaton Precious Metals Corp. Reports Positive Q2 Performance and Dividend Increase

Wheaton Precious Metals Corp. (TSX: WPM; NYSE: WPM) announced a stronger-than‑expected second‑quarter performance on August 6, 2026, following its preliminary results review. The streaming company, which focuses on gold and silver projects, confirmed that its revenues and cash flows from the 33 % stake in Salobo, as well as from other streaming agreements, aligned with market expectations after a softer result from the Antamina stream.

Q2 Results Overview

• Revenue and Net Asset Value Impact Salobo represents 33 % of Wheaton’s net asset value (NAV), contributing a smaller share of revenue compared to the Antamina stream. The reported figures were consistent with prior forecasts and demonstrated the company’s ability to manage its portfolio mix effectively.

• Guidance and Market Position The preliminary figures suggest the company is on track to meet its annual guidance. Analysts noted that the results were in line with expectations for streaming and royalty‑based entities, reinforcing Wheaton’s standing as a leading provider of precious‑metal streams.

Dividend Declaration

On the same day, Wheaton’s Board declared a third quarterly cash dividend for 2026 of US $0.195 per common share, an 18 % increase over the dividend issued in the same quarter of 2025. Key details include:

• Record Date: August 20, 2026
• Payment Date: Approximately September 3, 2026
• Ex‑Dividend Date: August 20, 2026
• The dividend qualifies as an “eligible dividend” for Canadian income‑tax purposes.

The company will also issue shares under its Dividend Reinvestment Plan (DRIP) through treasury at the average market price, without a discount. Participation remains optional, and further changes to the plan will be publicly announced.

Historical Performance Context

A recent analysis on Benzinga highlighted that an initial investment of $1,000 in Wheaton’s stock 20 years ago would have grown significantly by 2026, underscoring the long‑term value proposition of the company’s streaming model.

Market Metrics (as of 2026‑08‑04)

Wheaton’s asset‑class positioning within the materials sector, combined with its strategic focus on gold and silver projects, continues to support its valuation and dividend policy. The company’s ongoing ability to secure high‑quality streams while maintaining a disciplined dividend payout enhances its appeal to income‑focused investors.