Royal Gold, Inc. (RGLD) To Go Ex-Dividend on April 2nd

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Thursday, April 2nd will be given a dividend of 0.475 per share by the basic materials company on Thursday, April 16th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, April 2nd.

Royal Gold has increased 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 25 years. Royal Gold has a payout ratio of 23.6% 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 $1.90 annual dividend with an expected future payout ratio of 27.6%.

Royal Gold Stock Performance

Royal Gold stock opened at $238.76 on Tuesday. The firm has a 50 day simple moving average of $270.41 and a 200-day simple moving average of $227.80. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 1.40 and a beta of 0.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. Royal Gold has a 1-year low of $150.75 and a 1-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 the consensus estimate of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm had revenue of $360.85 million for the quarter, compared to analysts’ expectations of $425.47 million. During the same period in the previous year, the firm posted $1.63 EPS. The firm’s quarterly revenue was up 85.2% compared to the same quarter last year. On average, analysts expect that Royal Gold will post 6.2 EPS for the current year.

About Royal Gold

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.