Osisko Gold Royalties Ltd (NYSE:OR) to Issue Dividend Increase - $0.05 Per Share

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.048 per share by the basic materials company on Wednesday, January 15th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05.

Osisko Gold Royalties has raised its dividend by an average of 5.5% annually over the last three years. Osisko Gold Royalties has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Osisko Gold Royalties to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 31.1%.

Osisko Gold Royalties Stock Down 1.5 %

OR stock traded down $0.30 during mid-day trading on Friday, reaching $20.24. The company had a trading volume of 456,875 shares, compared to its average volume of 731,319. The firm has a fifty day simple moving average of $18.96 and a 200 day simple moving average of $17.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of -56.67 and a beta of 1.03. Osisko Gold Royalties has a fifty-two week low of $11.89 and a fifty-two week high of $21.29.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The firm had revenue of $47.39 million for the quarter. Analysts forecast that Osisko Gold Royalties will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OR has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. TD Securities raised Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group raised their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, October 4th.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.