Silver Wheaton Declares First Quarterly Dividend Payment For 2017 - From http://finance.yahoo.com/news/silver-wheaton-declares-first-quarterly-210100844.html
("Silver Wheaton" or the "Company") (SLW) (SLW) is pleased to announce that its Board of Directors has declared its first quarterly cash dividend payment for 2017 of US$0.07 per common share, an increase of US$0.01 relative to the previous quarterly dividend.
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.
For the purposes of this first quarterly dividend, the Company has elected to issue common shares under the DRIP through treasury at a 3% discount to the Average Market Price, as defined in the DRIP.
However, the Company may, from time to time, in its discretion, change or eliminate the discount applicable to Treasury Acquisitions, as defined in the DRIP, or direct that such common shares be purchased in Market Acquisitions, as defined in the DRIP, at the prevailing market price, any of which would be publicly announced.
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