Royal Gold, Inc to Issue Quarterly Dividend of $0.27 (RGLD)

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Stockholders of record on Friday, April 5th will be paid a dividend of 0.265 per share by the basic materials company on Friday, April 19th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, April 4th.

Royal Gold has raised its dividend by an average of 4.4% annually over the last three years and has increased its dividend every year for the last 14 years. Royal Gold has a dividend payout ratio of 54.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Royal Gold to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 57.9%.

Shares of RGLD traded up $0.73 during trading hours on Wednesday, reaching $91.62. The stock had a trading volume of 496,937 shares, compared to its average volume of 483,466. Royal Gold has a 12 month low of $70.16 and a 12 month high of $98.53. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 52.07, a PEG ratio of 5.72 and a beta of 0.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.27 and a current ratio of 5.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 6th. The basic materials company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Royal Gold had a positive return on equity of 4.56% and a negative net margin of 20.57%. The company had revenue of $97.60 million during the quarter, compared to analysts’ expectations of $100.80 million. During the same period in the prior year, the company earned $0.41 EPS. Royal Gold’s revenue was down 14.6% compared to the same quarter last year. As a group, equities analysts forecast that Royal Gold will post 1.56 EPS for the current year.

A number of research analysts have recently commented on RGLD shares. BidaskClub cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Zacks Investment Research lowered Royal Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. TD Securities raised their target price on Royal Gold from $92.00 to $94.00 and gave the stock a “hold” rating in a research report on Monday, February 11th. Finally, Raymond James reaffirmed an “outperform” rating and set a $95.00 target price on shares of Royal Gold in a research report on Friday, February 8th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Royal Gold currently has an average rating of “Buy” and an average target price of $94.83.

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Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Dividend History for Royal Gold (NASDAQ:RGLD)

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