Royal Gold, Inc. Declares Quarterly Dividend of $0.47 (NASDAQ:RGLD)

by · The Cerbat Gem

Royal Gold, Inc. (NASDAQ:RGLD – Get Free Report) (TSE:RGL) declared a quarterly dividend on Tuesday, August 18th. Shareholders of record on Friday, October 2nd will be given a dividend of 0.475 per share by the basic materials company on Friday, October 16th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, October 2nd.

Royal Gold has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 25 consecutive years. Royal Gold has a payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Royal Gold to earn $11.71 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 16.2%.

Royal Gold Price Performance

Shares of RGLD opened at $230.43 on Wednesday. The business’s 50-day moving average is $207.17 and its 200-day moving average is $236.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.74 and a beta of 0.44. Royal Gold has a fifty-two week low of $166.51 and a fifty-two week high of $306.25.

Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. During the same period in the previous year, the firm posted $1.81 earnings per share. The firm’s revenue was up 114.9% on a year-over-year basis. Equities research analysts expect that Royal Gold will post 10.33 EPS for the current fiscal year.

About Royal Gold

(Get Free Report)

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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