Silver Wheaton (SLW) Triples Quarterly Dividend to $0.09; 1% Yield

Silver Wheaton (NYSE: SLW) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. This is a 200% increase from the prior dividend of $0.03.

The dividend will be payable on December 5, 2011, to stockholders of record on November 23, 2011, with an ex-dividend date of November 21, 2011.

The annual yield on the dividend is 1 percent.

Silver Wheaton Corp. has adopted a new dividend policy that links quarterly dividend payments to operating cash flows in the prior quarter. Commencing immediately, the quarterly dividend per common share will be 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.

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