OR Royalties Inc. (OR) To Go Ex-Dividend on December 31st

OR Royalties Inc. (NYSE:OR) declared a quarterly dividend on Wednesday, November 11th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.0650 per share by the basic materials company on Friday, January 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, December 31st.

OR Royalties has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. OR Royalties has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect OR Royalties to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 20.8%.

OR Royalties Stock Performance

OR stock opened at $34.83 on Friday. The firm has a market cap of $6.49 billion, a PE ratio of 25.61 and a beta of 0.76. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $35.03 and a 200-day moving average of $36.35. OR Royalties has a 12-month low of $27.54 and a 12-month high of $48.06.

OR Royalties (NYSE:OR) last issued its quarterly earnings results on Wednesday, November 11th. The basic materials company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. OR Royalties had a return on equity of 17.02% and a net margin of 67.03%. The business had revenue of $90.20 million for the quarter, compared to analyst estimates of $90.40 million. As a group, sell-side analysts expect that OR Royalties will post 1.29 earnings per share for the current year.

About OR Royalties

OR Royalties is a precious metals royalty and streaming company. Rather than operating mines directly, it provides financing to mining companies in exchange for royalties, streams, and other interests that can entitle it to a share of production or revenue from mineral projects. The company’s portfolio includes interests in gold and other mineral projects, including royalties associated with Canadian Malartic and Éléonore in Canada. Its assets span multiple jurisdictions, with a significant presence in the Americas.