Royal Gold, Inc. (RGLD) to Issue Quarterly Dividend of $0.45 on January 17th

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) declared a quarterly dividend on Tuesday, November 19th,RTT News reports. Stockholders of record on Friday, January 3rd will be given a dividend of 0.45 per share by the basic materials company on Friday, January 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Royal Gold’s previous quarterly dividend of $0.40.

Royal Gold has increased its dividend by an average of 10.2% annually over the last three years and has raised its dividend every year for the last 24 years. Royal Gold has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Royal Gold to earn $6.35 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.2%.

Royal Gold Stock Up 0.5 %

RGLD opened at $148.60 on Thursday. The stock’s 50 day moving average price is $144.74 and its two-hundred day moving average price is $136.16. The firm has a market capitalization of $9.77 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 1.19 and a beta of 0.90. Royal Gold has a 12-month low of $100.55 and a 12-month high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.13. The business had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. Royal Gold’s quarterly revenue was up 39.8% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. As a group, analysts anticipate that Royal Gold will post 5.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. TD Securities upped their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Raymond James raised their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Scotiabank lifted their price objective on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Jefferies Financial Group upped their target price on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $165.43.

Insiders Place Their Bets

In related news, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the sale, the director now directly owns 9,268 shares in the company, valued at $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now owns 7,430 shares of the company’s stock, valued at approximately $1,042,503.30. The trade was a 38.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,924 shares of company stock worth $1,271,449. Insiders own 0.52% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.