Wheaton Precious Metals Corp.
WPMBasic Materials · Stock · quarterly payer
Forward Yield
0.75%
Annual Dividend
$0.78
Payout Ratio
17%
5-Yr Growth
9.5%
Ex-Date
May 27, 2026
Frequency
Quarterly
Summary
As of July 2026, Wheaton Precious Metals Corp. (WPM) yields 0.75% ($0.78 per share annually), with a blended fair-value estimate of $76.42 — -27% downside, so it screens as overvalued. Dividend safety grade: B (76/100). 2 years of dividend growth.
Is WPM a good dividend stock?
YesWheaton Precious Metals Corp. (WPM) pays a quarterly dividend yielding 0.75% ($0.78/yr), with 2 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (17%)
- Strong 9.5% 5-yr dividend growth
- 131% total price return over 5 years
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 0.75%
- Payout Ratio
- 17%
- Annual Dividend
- $0.78
- 5-Yr Avg Growth
- 9.5%
- Ex-Dividend Date
- May 27, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.19
- Market Cap
- $47.0B
- P/E Ratio
- 26.3
- 5-Yr Total Return
- 131%
- 52-Week Range
- $89.70 – $165.76
- Dividend Safety
- B · 76/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
WPM Price — Last 12 Months
Daily close
Price Return
1 Year
+4%
3 Years
+139%
5 Years
+131%
52-Week Range
$89.70 – $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 $76.42 per share, versus a market price of $104.18. That implies 27% of downside.
Fair Value
$76.42
Current Price
$104.18
Downside
-27%
Margin of Safety
-36%
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 6.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.2% discount rate (CAPM), 6.3% stage-1 growth, 2.5% terminal growth, $3.96 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 |
|---|---|---|---|
| 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 |
| Aug 25, 2022 | — | $0.1500 | regular |
Income Calculator
At $0.78 / yr per share
