Royalty Pharma PLC (NASDAQ:RPRX) Declares Quarterly Dividend of $0.23

Royalty Pharma PLC (NASDAQ:RPRX) declared a quarterly dividend on Friday, October 16th. Stockholders of record on Friday, November 13th will be given a dividend of $0.2350 per share by the biopharmaceutical company on Thursday, December 10th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 13th.

Royalty Pharma has increased its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Royalty Pharma has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Royalty Pharma to earn $5.63 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 16.7%.

Royalty Pharma Stock Up 2.2%

Shares of NASDAQ RPRX traded up $1.34 during mid-day trading on Friday, hitting $60.96. The company had a trading volume of 5,786,437 shares, compared to its average volume of 3,434,211. The company has a market capitalization of $35.05 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 1.62 and a beta of 0.42. The firm has a 50-day simple moving average of $59.34 and a two-hundred day simple moving average of $55.68. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.88. Royalty Pharma has a one year low of $35.92 and a one year high of $64.38.

Royalty Pharma (NASDAQ:RPRX) last released its earnings results on Wednesday, August 5th. The biopharmaceutical company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. Royalty Pharma had a return on equity of 30.01% and a net margin of 32.14%. The business had revenue of $674.14 million for the quarter, compared to the consensus estimate of $758.93 million. On average, equities analysts expect that Royalty Pharma will post 5.29 EPS for the current year.

Royalty Pharma Company Profile

Royalty Pharma plc is a biopharmaceutical royalty acquisition company that provides funding to life sciences companies in exchange for rights to future payments associated with approved or development-stage medicines. Its business model gives biotechnology and pharmaceutical companies access to capital while allowing Royalty Pharma to participate in the commercial success of therapies without directly developing or marketing them.

The company invests in royalties and other economic interests tied to a broad range of biopharmaceutical products, including treatments for cancer, rare diseases, immune disorders, diabetes and other chronic conditions.