Royal Gold, Inc. (NASDAQ:RGLD) Plans Quarterly Dividend of $0.48

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Thursday, July 2nd will be paid 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 increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 25 years. Royal Gold has a payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of RGLD opened at $223.09 on Thursday. The stock has a market cap of $18.93 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.79 and a beta of 0.43. 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 has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The firm’s 50-day simple moving average is $247.89 and its two-hundred day simple moving average is $241.80.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The business had revenue of $310.83 million during 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%.Royal Gold’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. Analysts anticipate that Royal Gold will post 11.55 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William M. Hayes sold 4,173 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the transaction, the director owned 6,129 shares in the company, valued at approximately $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Daniel Breeze sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the transaction, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 8,573 shares of company stock worth $2,370,831. Corporate insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RGLD. Van ECK Associates Corp lifted its stake in shares of Royal Gold by 104.1% in the third quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock worth $1,001,885,000 after buying an additional 2,547,076 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Royal Gold by 25.0% in the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after buying an additional 1,681,577 shares in the last quarter. Capital International Investors bought a new position in Royal Gold during the fourth quarter valued at approximately $332,026,000. Arrowstreet Capital Limited Partnership lifted its position in Royal Gold by 89.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock valued at $412,543,000 after purchasing an additional 874,329 shares during the period. Finally, Nuveen LLC lifted its position in Royal Gold by 457.5% during the fourth quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock valued at $205,820,000 after purchasing an additional 759,810 shares during the period. Institutional investors own 83.65% of the company’s stock.

About Royal Gold

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.