Triple Flag Precious Metals Corp. (TFPM) to Issue Quarterly Dividend of $0.06 on March 14th

Posted by Tyrone Williams on Feb 21st, 2025

Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Free Report) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.055 per share on Friday, March 14th. This represents a $0.22 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 3rd.

Triple Flag Precious Metals has a dividend payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Triple Flag Precious Metals to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 30.6%.

Triple Flag Precious Metals Stock Performance

Shares of TFPM opened at $16.50 on Friday. The business has a 50-day simple moving average of $15.92 and a two-hundred day simple moving average of $16.31. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $18.88. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02.

Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $74.21 million for the quarter, compared to analysts’ expectations of $74.10 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.62%. As a group, analysts predict that Triple Flag Precious Metals will post 0.71 EPS for the current year.

About Triple Flag Precious Metals

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Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.