Osisko Gold Royalties Ltd (NYSE:OR) to Issue Dividend Increase – $0.05 Per Share

Osisko Gold Royalties Ltd (NYSE:OR) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.047 per share by the basic materials company on Monday, July 15th. This represents a $0.19 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, June 28th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04.

Osisko Gold Royalties has increased its dividend payment by an average of 5.5% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Osisko Gold Royalties has a payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Osisko Gold Royalties to earn $0.54 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 31.5%.

Osisko Gold Royalties Price Performance

OR stock traded up $0.04 during midday trading on Friday, reaching $16.17. 133,591 shares of the company’s stock traded hands, compared to its average volume of 830,189. Osisko Gold Royalties has a 1-year low of $11.24 and a 1-year high of $17.57. The company has a 50-day simple moving average of $15.94 and a two-hundred day simple moving average of $14.59. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -84.95 and a beta of 1.00.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. The business had revenue of $47.87 million for the quarter. On average, analysts anticipate that Osisko Gold Royalties will post 0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their price target on Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a report on Monday, April 22nd.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.