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Silver Wheaton (TSX:SLW) has declared a second quarterly cash dividend payment of US$0.05 per share. As quoted in the press release: The second quarterly cash dividend of US$0.05 will be paid to holders of record of Silver Wheaton common shares as of the close of business on May 19, 2016, and will be distributed on …

Silver Wheaton (TSX:SLW) has declared a second quarterly cash dividend payment of US$0.05 per share.
As quoted in the press release:

The second quarterly cash dividend of US$0.05 will be paid to holders of record of Silver Wheaton common shares as of the close of business on May 19, 2016, and will be distributed on or about June 2, 2016.
Under the Company’s dividend policy, the quarterly dividend per common share will be equal to 20% of the average cash generated by operating activities in the previous four quarters divided by the Company’s then outstanding common shares, all rounded to the nearest cent.
The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an ‘eligible dividend’ for Canadian income tax purposes.

Click here for the full press release.

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