Royalty Management Holding Corporation (NASDAQ:RMCO) Shares to Pay Quarterly Dividend of $0.00

Royalty Management Holding Corporation (NASDAQ:RMCO) declared a quarterly dividend on Wednesday, October 14th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.0025 per share on Monday, January 11th. This represents a $0.01 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, December 31st.

Royalty Management Stock Up 0.4%

RMCO opened at $2.36 on Friday. Royalty Management has a 52 week low of $1.74 and a 52 week high of $5.00. The business has a fifty day simple moving average of $2.72 and a 200-day simple moving average of $2.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.41 and a current ratio of 1.41.

Royalty Management (NASDAQ:RMCO) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Royalty Management had a negative net margin of 14.53% and a negative return on equity of 7.93%. The firm had revenue of $1.83 million during the quarter, compared to analyst estimates of $1.83 million. On average, equities analysts predict that Royalty Management will post -0.04 earnings per share for the current year.

Analysts Set New Price Targets

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

Royalty Management Company Profile

Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty acquisition and management company focused on building a diversified portfolio of royalty interests and other contractual economic rights. The company seeks opportunities tied to natural resources and real assets, allowing it to participate in revenues generated by underlying assets without directly operating them.

Its areas of interest may include mining and minerals, water, agriculture, renewable energy, and other resource-related activities.