OR Royalties Inc. (NYSE:OR) Shares Set to Pay Quarterly Dividend of $0.07

OR Royalties Inc. (NYSE:OR) declared a quarterly dividend on Wednesday, November 11th. Shareholders 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 is Thursday, December 31st.

OR Royalties has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 1 years. OR Royalties has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. 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 Down 2.1%

Shares of OR opened at $35.65 on Thursday. OR Royalties has a fifty-two week low of $27.54 and a fifty-two week high of $48.06. The company’s fifty day moving average is $35.07 and its two-hundred day moving average is $36.40. The firm has a market cap of $6.64 billion, a PE ratio of 23.77 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.

OR Royalties (NYSE:OR) last released its quarterly earnings data 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. The business had revenue of $90.20 million during the quarter, compared to the consensus estimate of $90.40 million. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%. Analysts forecast 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.