Triple Flag Precious Metals Corp. Declares Quarterly Dividend of $0.06 (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.055 per share on Friday, March 14th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 3rd.

Triple Flag Precious Metals has a dividend payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Triple Flag Precious Metals to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 31.0%.

Triple Flag Precious Metals Stock Down 4.6 %

Shares of NYSE TFPM traded down $0.80 during midday trading on Thursday, hitting $16.50. 392,650 shares of the stock traded hands, compared to its average volume of 242,392. Triple Flag Precious Metals has a one year low of $11.75 and a one year high of $18.88. The business has a 50 day moving average price of $15.92 and a two-hundred day moving average price of $16.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. The company has a market cap of $3.32 billion, a PE ratio of -63.47, a P/E/G ratio of 0.81 and a beta of -0.08.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. On average, equities analysts predict that Triple Flag Precious Metals will post 0.55 EPS for the current year.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.