OR Royalties Inc. (NYSE:OR) Shares Will Pay Quarterly Dividend of $0.07

OR Royalties Inc. (NYSE:OR) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.0650 per share by the basic materials company on Friday, January 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, December 31st.

OR Royalties has raised 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 1 years. OR Royalties has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect OR Royalties to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 20.8%.

OR Royalties Stock Down 2.1%

OR Royalties stock opened at $35.65 on Thursday. The stock has a market capitalization of $6.64 billion, a PE ratio of 28.90 and a beta of 0.76. The business has a 50 day simple moving average of $35.07 and a 200-day simple moving average of $36.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 2.28. OR Royalties has a 12 month low of $27.54 and a 12 month high of $48.06.

OR Royalties (NYSE:OR) last posted its quarterly earnings data on Wednesday, November 11th. The basic materials company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $90.20 million during the quarter, compared to analysts’ expectations of $90.40 million. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. On average, analysts anticipate that OR Royalties will post 1.29 EPS for the current fiscal year.

About OR Royalties

OR Royalties is a precious metals royalty and streaming company. Rather than operating mines directly, it provides financing to mining companies in exchange for royalties, streams, and other interests that can entitle it to a share of production or revenue from mineral projects. The company’s portfolio includes interests in gold and other mineral projects, including royalties associated with Canadian Malartic and Éléonore in Canada. Its assets span multiple jurisdictions, with a significant presence in the Americas.