Wheaton Precious Metals (WPM) Raises Its Dividend Again As Cash Flow Strengthens

With an impressive short percentage of shares outstanding of 0.77%, Wheaton Precious Metals Corp. (NYSE:WPM) is among the 10 Best Gold Mining Stocks to Buy as Central Banks Buy Bullion.

Wheaton Precious Metals Corp. (NYSE:WPM) announced on May 8 that it had declared its second quarterly cash dividend payment for 2026 of $0.195 per common share, representing an 18% increase from the comparable quarterly dividend paid in 2025. The dividend will be distributed to shareholders of record as of May 27 and paid on or about June 9. The increase reflects the company’s continued strong cash generation and management’s confidence in its long-term financial position amid supportive precious metals pricing.

Previously, on April 2, Berenberg lowered its price target on Wheaton Precious Metals Corp. (NYSE:WPM) to 11,200 GBp from 13,000 GBp while maintaining a Buy rating on the shares. Despite the target reduction, the firm continued to express optimism regarding the company’s long-term streaming model, which provides leveraged exposure to gold and silver prices without many of the operational and capital risks faced by traditional mining operators.

Founded in 2004 and headquartered in Vancouver, Wheaton Precious Metals Corp. (NYSE:WPM) is one of the world’s largest precious metals streaming companies. The company provides upfront financing to mining operators in exchange for the right to purchase future gold, silver, palladium, and cobalt production at fixed discounted prices. This business model allows Wheaton to maintain exposure to commodity price appreciation while benefiting from relatively predictable operating costs.

The company’s rising dividend and resilient streaming model may continue appealing to investors seeking precious metals exposure with lower direct mining risk, positioning it among the best gold mining stocks to buy.

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