Royal Gold, Inc. (RGLD) to Issue Quarterly Dividend of $0.48 on April 16th

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.475 per share by the basic materials company on Thursday, April 16th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, April 2nd.

Royal Gold has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 25 years. Royal Gold has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Royal Gold to earn $6.89 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 27.6%.

Royal Gold Trading Up 1.8%

NASDAQ:RGLD opened at $299.79 on Friday. Royal Gold has a 1 year low of $142.95 and a 1 year high of $306.25. The stock has a market cap of $25.43 billion, a price-to-earnings ratio of 44.02, a PEG ratio of 0.92 and a beta of 0.49. The business has a fifty day moving average of $263.60 and a 200-day moving average of $215.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The company had revenue of $360.85 million for the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. Royal Gold’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Equities analysts predict that Royal Gold will post 6.2 earnings per share for the current year.

About Royal Gold

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.