Vox Royalty Corp. (NASDAQ:VOXR) Increases Dividend to $0.01 Per Share

Vox Royalty Corp. (NASDAQ:VOXR) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.0125 per share on Monday, April 14th. This represents a $0.05 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Monday, March 31st. This is a boost from Vox Royalty’s previous quarterly dividend of $0.01.

Vox Royalty has a dividend payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vox Royalty to earn ($0.01) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -400.0%.

Vox Royalty Stock Performance

NASDAQ:VOXR traded down $0.17 during mid-day trading on Friday, reaching $2.38. 317,664 shares of the company’s stock were exchanged, compared to its average volume of 103,177. Vox Royalty has a one year low of $1.81 and a one year high of $3.24. The firm has a market capitalization of $120.57 million, a PE ratio of -119.00 and a beta of 0.93. The business’s fifty day simple moving average is $2.40 and its two-hundred day simple moving average is $2.65.

Vox Royalty (NASDAQ:VOXR) last released its earnings results on Thursday, February 20th. The company reported ($0.02) EPS for the quarter. Vox Royalty had a negative net margin of 9.88% and a negative return on equity of 0.54%. The firm had revenue of $2.90 million during the quarter.

About Vox Royalty

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 60 royalties and streaming assets. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, and the United States. Vox Royalty Corp. was founded in 2014 and is based in Toronto, Canada.