1. Pan American Silver Corp (PAAS)
The first silver stock with notable dividends is the Pan American Silver Corp. Currently listed on NASDAQ, PAAS is recognized as the world’s second-largest primary silver producer with a diversified portfolio of mines located in the Americas. The company has a mining tenure in Mexico, Canada, Peru, Bolivia, and Argentina.
The company also pays regular and arguably attractive dividends to its shareholders. As of 2024, the Pan American Silver Corp offers a dividend yield approximating 1.30%, making it an attractive proposition for savvy investors looking for a blend of growth prospects and continuous income streams.
2. Wheaton Precious Metals (WPM)
Wheaton Precious Metals boasts a unique operating model, acting as a silver streaming company. This means that instead of running mining operations, they finance other companies’ mining projects and, in return, have the right to buy their silver production at low, fixed costs.
A cornerstone of Wheaton Precious Metal’s financial structure is its consistent dividend payouts to shareholders. By linking dividends to revenues, the company ensures a steady income stream for investors. The dividend yield for Wheaton Precious Metals stands at 1.20% as of 2024, sustained by the company’s diverse and high-quality portfolio of assets.
3. Hecla Mining Company (HL)
Hecla Mining Company, a leading low-cost U.S. silver producer with nearly130 years of mining experience, offers dividends along with excellent growth potential. The company has a suite of premium silver mines in the U.S and Canada, including the Greens Creek mine in Alaska, which is considered one of the highest-grade large primary silver deposits in the world.
Hecla’s unique silver-linked dividend policy allows the company to reward investors as silver prices rise. As of 2024, Hecla Mining Company has a healthy dividend yield of approximately 0.90%, offering one of the highest dividend payouts among silver mining companies.
4. Fortuna Silver Mines Inc. (FSM)
Fortuna Silver Mines operates two low-cost mines in Peru and Mexico, with a third mine in Argentina coming into production. These growth-focused operations are supplemented by a robust exploration potential.
In 2024, the company’s dividend yield stands around 1.10%. Fortuna’s continuous commitment to generating value for its shareholders is showcased by its steady dividend payouts, which add an additional layer of attraction to its growth potential.
5. Coeur Mining, Inc. (CDE)
Coeur Mining, listed on NYSE, has five wholly-owned operations in North America. The company thrives on a strategy of building a significant precious metals portfolio through aggressive exploration and expanded production.
Coeur’s commendable approach to returning capital to shareholders includes dividends, with its yield standing at 1.00% as of 2024. The company’s dedication to financial transparency and its steady dividends add to the reasons why it could be an appealing pick for value investors in the silver space.
These five companies, with their commitment to shareholder returns and strong operational underpinnings, are attractive picks for investors seeking regular income in the form of dividends from silver stocks. Investing in such companies can provide exposure to the silver industry’s potential while receiving consistent income, making these silver stocks attractive for a balanced investment portfolio.
