Royal Gold, Inc. (RGLD) To Go Ex-Dividend on July 2nd

Royal Gold, Inc. (NASDAQ:RGLDGet Free Report) (TSE:RGL) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.475 per share by the basic materials company on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd.

Royal Gold has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 25 consecutive years. Royal Gold has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Royal Gold to earn $12.52 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 15.2%.

Royal Gold Trading Down 0.3%

RGLD stock opened at $222.33 on Friday. The company has a market capitalization of $18.87 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.81 and a beta of 0.43. Royal Gold has a one year low of $150.75 and a one year high of $306.25. The company’s 50 day moving average price is $246.70 and its two-hundred day moving average price is $242.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). The business had revenue of $310.83 million for the quarter, compared to analysts’ expectations of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The company’s revenue was up 85.2% compared to the same quarter last year. During the same period last year, the business posted $1.63 earnings per share. As a group, analysts predict that Royal Gold will post 11.55 earnings per share for the current fiscal year.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president owned 20,140 shares in the company, valued at $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the sale, the senior vice president owned 9,082 shares in the company, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,400 shares of company stock worth $1,214,618 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

Institutional Trading of Royal Gold

A number of hedge funds have recently modified their holdings of RGLD. Goldman Sachs Group Inc. boosted its holdings in shares of Royal Gold by 99.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after buying an additional 84,206 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Royal Gold by 51.5% during the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after buying an additional 2,876 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Royal Gold by 28.9% during the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after buying an additional 796 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Royal Gold by 43.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after buying an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Royal Gold by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after buying an additional 1,072 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

About Royal Gold

(Get Free Report)

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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Dividend History for Royal Gold (NASDAQ:RGLD)

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