Royal Gold, Inc. (NASDAQ:RGLD) Plans Quarterly Dividend of $0.45

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Friday, April 4th will be given a dividend of 0.45 per share by the basic materials company on Thursday, April 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, April 4th.

Royal Gold has increased its dividend payment by an average of 9.7% per year over the last three years and has raised its dividend annually for the last 24 consecutive years. Royal Gold has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Royal Gold to earn $6.89 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.1%.

Royal Gold Price Performance

Shares of RGLD traded up $0.56 during midday trading on Monday, hitting $147.56. The stock had a trading volume of 381,004 shares, compared to its average volume of 370,423. The company has a 50 day simple moving average of $140.55 and a two-hundred day simple moving average of $142.46. Royal Gold has a twelve month low of $107.33 and a twelve month high of $155.64. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90.

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Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Analysts forecast that Royal Gold will post 6.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares of the company's stock, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

RGLD has been the topic of several recent research reports. Raymond James lifted their price target on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. TD Securities lifted their target price on Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and lifted their target price for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $168.86.

About Royal Gold

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.