Royal Gold, Inc. (NASDAQ:RGLD) Announces Quarterly Dividend of $0.40

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) announced a quarterly dividend on Wednesday, May 22nd, Zacks reports. Investors of record on Friday, July 5th will be paid a dividend of 0.40 per share by the basic materials company on Friday, July 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, July 5th.

Royal Gold has increased its dividend payment by an average of 10.2% annually over the last three years and has increased its dividend every year for the last 24 years. Royal Gold has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Royal Gold to earn $5.79 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 27.6%.

Royal Gold Trading Up 1.1 %

RGLD opened at $126.35 on Wednesday. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 37.27, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87. Royal Gold has a 52 week low of $100.55 and a 52 week high of $134.56. The business’s 50 day moving average is $125.79 and its two-hundred day moving average is $119.36. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. The business had revenue of $148.90 million during the quarter, compared to analysts’ expectations of $147.02 million. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. On average, research analysts predict that Royal Gold will post 4.56 EPS for the current year.

Insider Activity at Royal Gold

In other news, SVP Daniel Breeze sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total transaction of $196,095.00. Following the transaction, the senior vice president now directly owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RGLD shares. BMO Capital Markets raised their price target on Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Bank of America upped their price target on Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 26th. Finally, Scotiabank increased their price target on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Royal Gold presently has an average rating of “Hold” and a consensus price target of $142.25.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.