By Sabela Ojea
Royal Gold is increasing its quarterly dividend to shareholders by 12.5%, to 45 cents a share.
The precious metals stream and royalty company on Tuesday said its board of directors approved raising its quarterly payout to 45 cents a share from 40 cents.
The new payout, equal to $1.80 annually, represents a yield of 1.2%, based on the company's latest closing price of $146.29.
The quarterly dividend will be paid on Jan. 17 to shareholders of record Jan. 3.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 19, 2024 15:46 ET (20:46 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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