Royalty Management Holding Corporation (RMCO) to Distribute Quarterly Dividend of $0.00 on October 10th

Royalty Management Holding Corporation (NASDAQ:RMCO) announced a quarterly dividend on Thursday, July 16th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.0025 per share on Saturday, October 10th. This represents a $0.01 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, September 30th.

Royalty Management Stock Performance

Shares of RMCO opened at $2.61 on Monday. Royalty Management has a 52-week low of $1.74 and a 52-week high of $5.00. The stock has a market cap of $39.59 million, a PE ratio of -43.50 and a beta of -0.01. The firm’s fifty day moving average is $2.67 and its two-hundred day moving average is $2.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.02.

Royalty Management (NASDAQ:RMCO) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Royalty Management had a negative return on equity of 7.93% and a negative net margin of 14.53%.The business had revenue of $1.83 million during the quarter, compared to analysts’ expectations of $1.83 million. Research analysts forecast that Royalty Management will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RMCO. Weiss Ratings upgraded Royalty Management from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. Zacks Research raised Royalty Management to a “hold” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Royalty Management Company Profile

Royalty Management Corporation is a royalty acquisition and management company. It seeks to acquire and manage royalty interests and other contractual revenue rights associated with assets in sectors such as natural resources, mining, agriculture, renewable energy and real estate.

The company’s business model is centered on identifying assets that can generate recurring royalty or similar payments while limiting direct exposure to the costs of operating the underlying projects. Its portfolio and investment activities may include interests connected to mineral resources, environmental assets and other income-producing opportunities.

Royalty Management Corporation is headquartered in Fort Wayne, Indiana, and focuses primarily on opportunities in North America.