Royal Gold (RGLD) announced that its board of directors approved an increase in the company’s annual calendar year common stock dividend of 12.5% from $1.60 to $1.80 per share, payable on a quarterly basis of 45c per share. The first quarterly dividend at the increased rate is payable on January 17, 2025, to shareholders of record at the close of business on January 3, 2025. “Royal Gold’s long record of consistently increasing capital return to shareholders is unique in the precious metals sector. We paid our first dividend in 2000 and have increased it every year since 2001, and to date we have paid out total dividends of approximately $1 billion. Paying a growing and sustainable dividend is a core strategic objective, and Royal Gold remains the only precious metals company in the S&P High Yield Dividend Aristocrats Index,” commented Bill Heissenbuttel, President and CEO of Royal Gold.
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Read More on RGLD:
- Royal Gold price target raised to $186 from $184 at Raymond James
- Royal Gold Achieves Record Revenue and Debt-Free Status
- Royal Gold upgraded to Buy from Hold at Cantor Fitzgerald
- Royal Gold reports Q3 adjusted EPS $1.47, consensus $1.32
- Royal Gold sees 2024 gold sales of 215,000-230,000 oz
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