Vox Royalty Corp. (NASDAQ:VOXR) Plans Quarterly Dividend of $0.01

Vox Royalty Corp. (NASDAQ:VOXR) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.015 per share on Wednesday, October 14th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th.

Vox Royalty has a dividend payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Vox Royalty to earn $0.16 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 37.5%.

Vox Royalty Price Performance

VOXR stock opened at $5.16 on Thursday. Vox Royalty has a 1-year low of $3.13 and a 1-year high of $6.70. The business has a 50-day moving average price of $4.75 and a 200 day moving average price of $5.29. The company has a market capitalization of $358.37 million, a P/E ratio of 12.29 and a beta of 0.53.

Vox Royalty (NASDAQ:VOXR) last issued its earnings results on Wednesday, August 12th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.08. Vox Royalty had a net margin of 190.73% and a return on equity of 8.16%. On average, analysts anticipate that Vox Royalty will post 0.2 earnings per share for the current fiscal year.

About Vox Royalty

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.