Royal Gold, Inc. (NASDAQ:RGLD) Increases Dividend to $0.48 Per Share

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Tuesday, November 18th. Shareholders of record on Friday, January 2nd will be paid a dividend of 0.475 per share by the basic materials company on Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, January 2nd. This is a 5.6% increase from Royal Gold’s previous quarterly dividend of $0.45.

Royal Gold has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 25 years. Royal Gold has a payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Royal Gold to earn $6.89 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.1%.

Royal Gold Trading Up 2.2%

Royal Gold stock opened at $189.60 on Wednesday. The firm has a market cap of $16.00 billion, a PE ratio of 27.78, a P/E/G ratio of 0.96 and a beta of 0.39. Royal Gold has a 12 month low of $130.67 and a 12 month high of $209.42. The stock’s 50 day simple moving average is $189.29 and its two-hundred day simple moving average is $178.32.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $250.23 million during the quarter, compared to analyst estimates of $275.11 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, equities research analysts forecast that Royal Gold will post 6.2 EPS for the current year.

Institutional Trading of Royal Gold

Hedge funds have recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in Royal Gold in the first quarter valued at approximately $27,000. Cullen Frost Bankers Inc. grew its holdings in shares of Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 148 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold during the 1st quarter worth about $34,000. Blue Trust Inc. raised its holdings in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after buying an additional 71 shares during the period. Finally, Caldwell Trust Co acquired a new position in Royal Gold in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.