Royal Gold, Inc. (NASDAQ:RGLD) Announces Quarterly Dividend of $0.45

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Friday, April 4th will be paid a dividend of 0.45 per share by the basic materials company on Thursday, April 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.24%.

Royal Gold has raised its dividend by an average of 9.7% per year over the last three years and has raised its dividend every year for the last 24 years. Royal Gold has a dividend payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Royal Gold to earn $6.89 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.1%.

Royal Gold Trading Down 3.6 %

Shares of NASDAQ:RGLD opened at $145.04 on Friday. The company has a market cap of $9.54 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90. Royal Gold has a twelve month low of $101.76 and a twelve month high of $155.64. The company’s 50 day moving average is $140.07 and its 200 day moving average is $142.20.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Equities research analysts predict that Royal Gold will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Raymond James upped their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, TD Securities raised their price target on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $168.86.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by insiders.

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.