Royal Gold, Inc. (NASDAQ:RGLD) Plans Quarterly Dividend of $0.40

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Tuesday, August 20th, Zacks reports. Investors of record on Friday, October 4th will be paid a dividend of 0.40 per share by the basic materials company on Friday, October 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, October 4th.

Royal Gold has increased its dividend payment by an average of 10.2% annually over the last three years and has increased its dividend every year for the last 24 years. Royal Gold has a dividend payout ratio of 26.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Royal Gold to earn $5.89 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 27.2%.

Royal Gold Stock Down 1.5 %

Shares of Royal Gold stock traded down $2.06 during midday trading on Thursday, hitting $138.90. The company had a trading volume of 13,178 shares, compared to its average volume of 385,134. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 41.58, a PEG ratio of 1.10 and a beta of 0.87. The company has a fifty day simple moving average of $131.58 and a 200 day simple moving average of $123.24. Royal Gold has a 12-month low of $100.55 and a 12-month high of $141.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The company had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. During the same quarter in the prior year, the company earned $0.88 EPS. Royal Gold’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, analysts expect that Royal Gold will post 4.7 EPS for the current year.

Insider Activity at Royal Gold

In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the transaction, the director now owns 9,109 shares in the company, valued at approximately $1,203,845.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on RGLD. CIBC increased their price target on shares of Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Cibc World Mkts raised shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Raymond James raised their price objective on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets raised their price objective on shares of Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.00.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.