DENVER–(BUSINESS WIRE)–Nov. 15, 2022–
Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, ‘Royal Gold’ or the ‘Company’, ‘we’ or ‘our’) today announced that its Board of Directors has increased the Company’s annual common stock dividend for the calendar year approximately 7%, from $1.40 to $1.50 per share. , payable quarterly at $0.375 per share. The first quarterly dividend at the increased rate is payable on January 20, 2023 to shareholders of record at the close of business on January 6, 2023.
“Paying a growing and sustainable dividend has been a central strategic objective for Royal Gold since our inaugural dividend in 2000,” commented Bill Heissenbuttel, President and CEO of Royal Gold. “Our long and consistent history of dividend increases is unique in the precious metals industry and Royal Gold is the only precious metals company in the S&P High Yield Dividend Aristocrats Index. We have a broad and diverse portfolio of high-quality, long-lived, cash-flow-generating assets operated by some of the world’s leading mining companies, and today’s dividend announcement illustrates our confidence in the long-term prospects of our business.
Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of production-based precious metal streams, royalties and similar interests. As of September 30, 2022, the Company held interests in 186 properties on five continents, including interests in 41 producing mines and 20 development-stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD”. The Company’s website can be found at www.royalgold.com.
Forward-looking statements: This press release contains “forward-looking statements” within the meaning of the United States federal securities laws. Forward-looking statements are all statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from such statements. Forward-looking statements are often identified by words such as “will”, “may”, “could”, “should”, “should”, “believe”, “estimate”, “expect”, “anticipate”, “plans”, “anticipates”, “potential”, “intends”, “continues”, “projects” or the negatives of these words or similar expressions. Forward-looking statements include the statement about our confidence in the long-term prospects of Royal Gold’s business. Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the following: a lower price environment for gold, silver, copper, nickel or other metals ; operating activities or financial performance of the properties in which we hold stream or royalty interests, including variations between actual and expected performance, the ability of operators to complete projects on time and as planned, changes to mining plans and reserves, cash requirements, mining and environmental risks, labor disputes, distribution and supply chain disruptions, permitting and licensing issues, or contractual issues involving our stream or royalty agreements; risks associated with doing business in foreign countries; our ability to identify, finance, value and complete acquisitions; adverse economic and market conditions; changes in the laws or regulations that govern us, the operators or operating properties; changes in management and key employees; and other factors described in our reports filed with the Securities and Exchange Commission, including our Form 10-K for the six-month transition period ending December 31, 2021. Most of these factors are beyond our ability to predict or control. Forward-looking statements speak only as of the date they are made. We disclaim any obligation to update any forward-looking statements, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.
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CONTACT: Alistair Baker
Vice President Investor Relations and Business Development
KEYWORD: COLORADO UNITED STATES NORTH AMERICA CANADA
INDUSTRY KEYWORD: MINES/MINERALS NATURAL RESOURCES
SOURCE: Royal Gold
Copyright BusinessWire 2022.
PUBLISHED: 11/15/2022 4:44 PM / DISK: 11/15/2022 4:44 PM
Copyright BusinessWire 2022.