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

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) announced a quarterly dividend on Wednesday, May 20th. Shareholders 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 yield of 0.9%. The ex-dividend date is Thursday, July 2nd.

Royal Gold has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 25 consecutive years. Royal Gold has a payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Royal Gold to earn $12.69 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 15.0%.

Royal Gold Stock Performance

Shares of RGLD opened at $202.12 on Tuesday. The stock has a 50-day simple moving average of $225.45 and a 200-day simple moving average of $246.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The stock has a market capitalization of $17.15 billion, a PE ratio of 24.09, a PEG ratio of 1.54 and a beta of 0.42. Royal Gold has a 1 year low of $150.75 and a 1 year high of $306.25.

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.