Silver Wheaton (NYSE: SLW): No Dividend Now

No Dividend for Silver Wheaton Shareholders

Although there has been speculation Silver Wheaton (NYSE: SLW) will issue a dividend soon, the company CEO Peter Barnes said that it's a possibility, but it won't happen until cash flows at the company increase.

Barnes said in the quarterly conference call he feels it would be a better idea to plow cash back into the company in order to better prepare itself for acquisition possibilities in the future.

Shareholders of course were looking at the over $227 million in cash the company has, along with a revolving credit line of $400 million, wondering why they don't get some of that as a result.

Barnes continued to hit on that theme when communicating a $25 million dividend this year would force the company to need an extra $100 million in equity to make any acquisition they were looking at.

No Dividend for Silver Wheaton Shareholders