VANCOUVER, May 14, 2012 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton"
or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce that its
Board of Directors has declared its second quarterly cash dividend
payment for 2012 of US$0.09 per common share. The quarterly dividend
will be paid to holders of record of its common shares as of the close
of business on May 23, 2012, and will be distributed on or about June
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 remains
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 27 million silver equivalent ounces,
including 16,500 ounces of gold. By 2016, annual attributable
production is anticipated to increase significantly to approximately 43
million silver equivalent ounces, including 35,000 ounces of gold. This
growth is driven by the Company's portfolio of world-class assets,
including silver streams on Goldcorp's Peñasquito mine and Barrick's
CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS
The information contained herein contains "forward-looking statements"
within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and "forward-looking information" within the meaning
of applicable Canadian securities legislation.