Pan American Keeps Dividend Steady
Silver producer Pan American Silver announced today its third-quarter dividend of $0.125 per share, the same rate it's paid for the past two quarters after raising the payout 150% from $0.05 per share.
The board of directors said the quarterly dividend is payable on Sept. 9 to the holders of record at the close of business on Aug. 26. The regular dividend payment equates to a $0.50-per-share annual dividend, yielding 3.6% based on the closing price today of Pan American Silver's stock.
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