Wheaton Precious Metals Corp.
WPMBasic Materials · Stock · quarterly payer
Forward Yield
0.52%
Annual Dividend
$0.78
Payout Ratio
16%
5-Yr Growth
9.5%
Ex-Date
Aug 20, 2026
Frequency
Quarterly
Summary
As of September 2026, Wheaton Precious Metals Corp. (WPM) yields 0.52% ($0.78 per share annually), with a blended fair-value estimate of $108.18 — -28% downside, so it screens as overvalued. Dividend safety grade: B (67/100). 2 years of dividend growth.
Is WPM a good dividend stock?
Yes, with caveatsWheaton Precious Metals Corp. (WPM) pays a quarterly dividend yielding 0.52% ($0.78/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (16%)
- Strong 9.5% 5-yr dividend growth
- 274% total price return over 5 years
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 0.52%
- Payout Ratio
- 16%
- Annual Dividend
- $0.78
- 5-Yr Avg Growth
- 9.5%
- Ex-Dividend Date
- Aug 20, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.27
- Market Cap
- $68.6B
- P/E Ratio
- 33.4
- 5-Yr Total Return
- 274%
- 52-Week Range
- $92.57 – $165.76
- Dividend Safety
- B · 67/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
WPM Price — Last 12 Months
Daily close
Price Return
1 Year
+56%
3 Years
+257%
5 Years
+274%
52-Week Range
$92.57 – $165.76
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WPM worth?
Overvaluedlow confidenceOur blended fair-value estimate for Wheaton Precious Metals Corp. is $108.18 per share, versus a market price of $151.01. That implies 28% of downside.
Fair Value
$108.18
Current Price
$151.01
Downside
-28%
Margin of Safety
-40%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 8.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.7% discount rate (CAPM), 8.8% stage-1 growth, 2.5% terminal growth, $4.52 EPS, $0.78 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WPM Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 20, 2026 | — | $0.1950 | regular |
| May 27, 2026 | — | $0.1950 | regular |
| Mar 31, 2026 | — | $0.1950 | regular |
| May 28, 2025 | — | $0.1650 | regular |
| Apr 1, 2025 | — | $0.1650 | regular |
| Nov 21, 2024 | — | $0.1550 | regular |
| Aug 21, 2024 | — | $0.1550 | regular |
| May 29, 2024 | — | $0.1550 | regular |
| Apr 2, 2024 | — | $0.1550 | regular |
| Nov 27, 2023 | — | $0.1500 | regular |
| Aug 24, 2023 | — | $0.1500 | regular |
| May 18, 2023 | — | $0.1500 | regular |
| Mar 23, 2023 | — | $0.1500 | regular |
| Nov 18, 2022 | — | $0.1500 | regular |
Income Calculator
At $0.78 / yr per share
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