Royal Gold Increases Common Stock Dividend 5% to $0.92 per Share
November 10 2015 - 9:19PM
Business Wire
Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) (“Royal Gold”
or the “Company”), today announced that its Board of Directors
increased the Company’s annual dividend for its shares of common
stock from $0.88 to $0.92 per share, payable on a quarterly basis
of $0.23 per share. The newly declared dividend is 5% higher than
the dividend paid in calendar year 2015. Royal Gold has steadily
increased its annual dividend every year since 2001.
The Board declared the dividend of $0.23 per share will be
payable on January 22, 2016, to shareholders of record at the close
of business on January 8, 2016.
Tony Jensen, President and CEO, commented, “For 15 consecutive
years, Royal Gold has increased its annual dividend. Our strong
cash flow from operations has allowed us to balance growth with
return of capital at a time when others are reducing or eliminating
dividends. We recently completed four streaming transactions which
we expect to strengthen our cash flow position even further as
these new streams are integrated into the portfolio.”
Royal Gold is a precious metals royalty and stream company
engaged in the acquisition and management of precious metal
royalties, streams, and similar production based interests. The
Company owns interests on 197 properties on six continents,
including interests on 39 producing mines and 23 development stage
projects. Royal Gold is publicly traded on the NASDAQ Global Select
Market under the symbol “RGLD,” and on the Toronto Stock Exchange
under the symbol “RGL.” The Company’s website is located at
www.royalgold.com.
Cautionary “Safe Harbor” Statement Under the Private
Securities Litigation Reform Act of 1995: With the exception of
historical matters, the matters discussed in this press release are
forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from
projections or estimates contained herein. Such forward-looking
statements include expectations concerning growth of the Company’s
cash flow; and statements about growth and development at
operations which are subject to our streaming agreements. Please
see the Company's Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q, and other filings with the Securities and Exchange
Commission for a discussion of the Company’s risks and
uncertainties. Readers are cautioned not to put undue reliance on
forward-looking statements.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151110007109/en/
For further information, please contact:Royal Gold, Inc.Karli
AndersonVice President Investor Relations303-575-6517
Royal Gold (NASDAQ:RGLD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Royal Gold (NASDAQ:RGLD)
Historical Stock Chart
From Sep 2023 to Sep 2024