An anonymous director reports

WHEATON PRECIOUS METALS DECLARES QUARTERLY DIVIDEND

Wheaton Precious Metals Corp. has declared its fourth quarterly cash dividend payment for 2023 of 15 U.S. cents per common share.

Fourth quarterly dividend

The fourth quarterly cash dividend for 2023 of 15 U.S. cents will be paid to holders of record of Wheaton common shares as of the close of business on Nov. 28, 2023, and will be distributed on or about Dec. 8, 2023. The ex dividend trading date is Nov. 27, 2023.

Under the company's dividend policy, for the 2023 calendar year, the quarterly dividend per common share is targeted to equal the greater of 30 per cent of the average cash generated by operating activities in the previous four quarters divided by the company's then outstanding common shares, all rounded to the nearest cent and the dividend declared in the prior quarter. To minimize volatility in quarterly dividends, the company has set a minimum quarterly dividend for the duration of 2023 equal to the dividend per common share declared in the prior quarter.

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.

Dividend reinvestment plan

The company has previously implemented a dividend reinvestment plan (DRIP). Participation in the DRIP is optional. For the purposes of this quarterly dividend, the company has elected to issue common shares under the DRIP through treasury at the average market price, as defined in the DRIP, without a discount.

The company may, from time to time, in its discretion, apply, change or eliminate any discount applicable to treasury acquisitions, as defined in the DRIP, or direct that such common shares be purchased in market acquisitions, as defined in the DRIP, at the prevailing market price, any of which would be publicly announced.

The DRIP and enrollment forms, including direct deposit, are available for download on the company's website in the "investors" section under the "dividends" tab.

We seek Safe Harbor.