Maverix Metals Inc. (NYSE:MMX) announced a quarterly dividend on Monday, February 22nd, Wall Street Journal reports. Investors of record on Friday, February 26th will be given a dividend of 0.01 per share on Monday, March 15th. This represents a $0.04 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, February 25th.
Maverix Metals has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Maverix Metals to earn $0.10 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 40.0%.
Maverix Metals stock opened at $5.35 on Tuesday. The firm has a 50 day moving average of $5.41 and a 200 day moving average of $5.14. The firm has a market capitalization of $751.45 million, a price-to-earnings ratio of 107.00 and a beta of 1.08. Maverix Metals has a 12-month low of $2.51 and a 12-month high of $6.10. The company has a current ratio of 4.25, a quick ratio of 4.25 and a debt-to-equity ratio of 0.13.
Maverix Metals Company Profile
Maverix Metals Inc, a precious metals royalty and streaming company, engages in the exploration and development of mineral properties. The company explores for gold, silver, lead, zinc, and other metals. As of December 31, 2019, it owned approximately 100 royalties, streams, and other interests in North America, South America, Australia, and internationally.
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