declares dividend of $0.12 per common share VANCOUVER, BC, Feb. 24, 2022 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today announced that the Board of Directors of Pan American has approved a 20% increase in the cash dividend to $0.12 per common share based on our new dividend policy. The policy adds a variable amount to a base dividend of $0.10 per common share paid on a quarterly basis. The variable quarterly dividend will be linked to the net cash on the balance sheet for the previous quarter, as illustrated in the following table:
Net Cash(1) | Base Dividend per Quarter | Variable Dividend per Quarter | Total Dividend per Quarter |
Less than $100 million | $0.10 per share | $0.00 per share | $0.10 per share |
$100 million to less than $200 million | $0.10 per share | $0.01 per share | $0.11 per share |
$200 million to less than $300 million | $0.10 per share | $0.02 per share | $0.12 per share |
$300 million to less than $400 million | $0.10 per share | $0.06 per share | $0.16 per share |
$400 million or greater | $0.10 per share | $0.08 per share | $0.18 per share |