Royal Gold, Inc. (NASDAQ:RGLD) Declares Quarterly Dividend of $0.48

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Thursday, July 2nd will be given a dividend of 0.475 per share by the basic materials company on Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd.

Royal Gold has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 25 consecutive years. Royal Gold has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Royal Gold to earn $12.52 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 15.2%.

Royal Gold Trading Up 1.9%

NASDAQ RGLD opened at $223.09 on Thursday. The firm has a market cap of $18.93 billion, a P/E ratio of 26.59, a P/E/G ratio of 1.79 and a beta of 0.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The stock’s 50-day moving average is $247.89 and its 200-day moving average is $241.80. Royal Gold has a one year low of $150.75 and a one year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The business had revenue of $310.83 million for the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The company’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 EPS. Sell-side analysts anticipate that Royal Gold will post 11.55 earnings per share for the current fiscal year.

Royal Gold Company Profile

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.