Triple Flag Precious Metals Corp. (NYSE:TFPM) Increases Dividend to $0.06 Per Share

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.06 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. This is a 4.3% increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06.

Triple Flag Precious Metals has a dividend payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Triple Flag Precious Metals to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 16.7%.

Triple Flag Precious Metals Trading Up 2.5%

NYSE:TFPM traded up $0.78 during trading hours on Thursday, hitting $32.05. 284,427 shares of the stock traded hands, compared to its average volume of 634,765. The firm has a 50 day moving average price of $29.24 and a 200 day moving average price of $33.16. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 2.64 and a beta of -0.18. Triple Flag Precious Metals has a fifty-two week low of $24.75 and a fifty-two week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $129.20 million for the quarter, compared to the consensus estimate of $129.20 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. Research analysts predict that Triple Flag Precious Metals will post 1.43 EPS for the current year.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.