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

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 given a dividend of 0.45 per share by the basic materials company on Thursday, April 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, April 4th.

Royal Gold has raised its dividend payment 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 payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Research 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 Up 1.4 %

RGLD stock opened at $147.00 on Friday. The business’s 50-day moving average price is $140.29 and its two-hundred day moving average price is $142.22. Royal Gold has a 1-year low of $101.94 and a 1-year high of $155.64. The firm has a market cap of $9.67 billion, a PE ratio of 29.17, a P/E/G ratio of 3.42 and a beta of 0.90.

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

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James upped their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Gold presently has an average rating of “Hold” and a consensus target price of $168.86.

About Royal Gold

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.