Royal Gold said on May 24, 2023 that its board of directors declared a regular quarterly dividend of $0.38 per share ($1.50 annualized). Previously, the company paid $0.38 per share.
Shares must be purchased before the ex-div date of July 6, 2023 to qualify for the dividend. Shareholders of record as of July 7, 2023 will receive the payment on July 21, 2023.
At the current share price of $123.87 / share, the stock’s dividend yield is 1.21%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.13%, the lowest has been 0.80%, and the highest has been 1.62%. The standard deviation of yields is 0.18 (n=236).
The current dividend yield is 0.43 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 0.42. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.34%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 851 funds or institutions reporting positions in Royal Gold. This is an increase of 14 owner(s) or 1.67% in the last quarter. Average portfolio weight of all funds dedicated to RGLD is 0.29%, an increase of 12.36%. Total shares owned by institutions decreased in the last three months by 1.16% to 69,285K shares. The put/call ratio of RGLD is 0.68, indicating a bullish outlook.
Analyst Price Forecast Suggests 21.81% Upside
As of May 11, 2023, the average one-year price target for Royal Gold is 150.88. The forecasts range from a low of 123.22 to a high of $183.75. The average price target represents an increase of 21.81% from its latest reported closing price of 123.87.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Royal Gold is 654MM, an increase of 8.15%. The projected annual non-GAAP EPS is 3.87.
What are Other Shareholders Doing?
Capital World Investors holds 6,385K shares representing 9.72% ownership of the company. In it’s prior filing, the firm reported owning 6,300K shares, representing an increase of 1.33%. The firm increased its portfolio allocation in RGLD by 13.08% over the last quarter.
Van Eck Associates holds 4,652K shares representing 7.08% ownership of the company. In it’s prior filing, the firm reported owning 3,992K shares, representing an increase of 14.18%. The firm increased its portfolio allocation in RGLD by 18.16% over the last quarter.
ABALX – AMERICAN BALANCED FUND holds 3,610K shares representing 5.50% ownership of the company. No change in the last quarter.
First Eagle Investment Management holds 3,563K shares representing 5.43% ownership of the company. In it’s prior filing, the firm reported owning 3,584K shares, representing a decrease of 0.59%. The firm increased its portfolio allocation in RGLD by 9.34% over the last quarter.
GDX – VanEck Vectors Gold Miners ETF holds 3,402K shares representing 5.18% ownership of the company. In it’s prior filing, the firm reported owning 3,368K shares, representing an increase of 1.00%. The firm decreased its portfolio allocation in RGLD by 4.88% over the last quarter.
Royal Gold Background Information
(This description is provided by the company.)
Royal Gold Inc. provides investors exposure to precious metals without many of the risks of investing in traditional precious metal producers.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.