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

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Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) announced a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 4th.

Royal Gold has raised its dividend by an average of 4.4% per year 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 NASDAQ:RGLD opened at $91.62 on Thursday. The stock has a market capitalization of $5.95 billion, a P/E ratio of 52.06, a PEG ratio of 5.81 and a beta of 0.14. Royal Gold has a fifty-two week low of $70.16 and a fifty-two week high of $98.53. 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 issued its quarterly earnings data on Wednesday, February 6th. The basic materials company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm had revenue of $97.60 million for the quarter, compared to the consensus estimate of $100.80 million. Royal Gold had a negative net margin of 20.57% and a positive return on equity of 4.56%. Royal Gold’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. On average, research analysts expect that Royal Gold will post 1.56 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. TD Securities boosted their price target on shares of Royal Gold from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, February 26th. BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Raymond James restated an “outperform” rating and set a $95.00 price target on shares of Royal Gold in a research report on Friday, February 8th. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Finally, ValuEngine upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Royal Gold currently has an average rating of “Buy” and an average target price of $94.83.

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About Royal Gold

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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