Elemental Royalty Corp (NASDAQ:ELE) Plans $0.03 Quarterly Dividend

Elemental Royalty Corp (NASDAQ:ELE) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.03 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

Elemental Royalty Price Performance

Shares of NASDAQ:ELE remained flat at $15.88 on Friday. The stock had a trading volume of 877,582 shares, compared to its average volume of 325,850. The firm has a market cap of $1.02 billion and a price-to-earnings ratio of 794.00. Elemental Royalty has a twelve month low of $12.48 and a twelve month high of $26.96. The company’s 50-day moving average price is $17.66.

Elemental Royalty (NASDAQ:ELE) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). The company had revenue of $24.32 million during the quarter.

About Elemental Royalty

Elemental Royalties (NASDAQ: ELE) is a publicly traded company that acquires and manages royalty and streaming interests in the mining sector. The firm focuses on securing long?lived, low?cost interests that provide ongoing, contractually defined payments or metal deliveries from producing and near?term development mineral projects. By targeting royalties and streams rather than operating mines, the company seeks exposure to commodity price upside while avoiding the capital intensity and operating risks of miners.

Elemental Royalties’ activities include sourcing and negotiating royalty and stream transactions, performing technical and commercial due diligence on potential assets, and actively managing a diversified portfolio of interests.