Silver Wheaton Declares Third Quarterly Dividend Payment for 2012.
VANCOUVER, Aug. 9, 2012 – Silver Wheaton Corp. (“Silver Wheaton” or the “Company”) (TSX:SLW) (NYSE: SLW) is pleased to announce that its Board of Directors has declared its third quarterly cash dividend payment for 2012 of US$0.10 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on August 30, 2012, and will be distributed on or about September 13, 2012.
Under the Company’s dividend policy, the quarterly dividend per common share is equal to 20% of the cash generated by operating activities in the previous quarter divided by the Company’s outstanding common shares at the time the dividend is approved, 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.
About Silver Wheaton
Silver Wheaton is the largest silver streaming company in the world. Based upon its current agreements, forecast 2012 attributable production is approximately 28 million silver equivalent ounces, including 42,000 thousand ounces of gold1. By 2016, annual attributable production is anticipated to increase significantly to approximately 48 million silver equivalent ounces, including 100,000 thousand ounces of gold1. This growth is driven by the Company’s portfolio of low-cost and long-life assets, including silver and precious metal streams on Barrick’s Pascua-Lama project and Hudbay’s flagship 777 mine and Constancia project.
