Royal Gold, Inc. Declares Quarterly Dividend of $0.47 (NASDAQ:RGLD)

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Tuesday, August 18th. Shareholders of record on Friday, October 2nd will be given a dividend of 0.475 per share by the basic materials company on Friday, October 16th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, October 2nd.

Royal Gold has increased its dividend by an average of 0.1%annually 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 research analysts expect Royal Gold to earn $11.71 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 16.2%.

Royal Gold Price Performance

Shares of RGLD opened at $230.43 on Wednesday. The business’s 50-day moving average is $207.17 and its 200-day moving average is $236.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.74 and a beta of 0.44. Royal Gold has a fifty-two week low of $166.51 and a fifty-two week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. During the same period in the previous year, the firm posted $1.81 earnings per share. The firm’s revenue was up 114.9% on a year-over-year basis. Equities research analysts expect that Royal Gold will post 10.33 EPS for the current fiscal 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.