Press release
Royal Gold Announces the 22nd Consecutive Annual Increase in the Common Stock Dividend to $1.50 Per Share for 2023, a 7% Increase over the 2022 Dividend
DENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that
About this update from Royal Gold, Inc.
[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nRoyal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its Board of Directors increased the Company’s annual calendar year common stock dividend by approximately 7% from $1.40 to $1.50 per share, payable on a quarterly basis of $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.\n\n“Paying a growing and sustainable dividend has been a core 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 sector and Royal Gold is the only precious metals company in the S&P High Yield Dividend Aristocrats Index. We have a broad and diversified portfolio of high-quality, long-life and cash-flowing assets operated by some of the world’s leading mining companies, and today’s dividend announcement illustrates our confidence in the long-term outlook for our business.”\n\nCorporate Profile\n\nRoyal Gold is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. As of September 30, 2022, the Company owned interests on 186 properties on five continents, including interests on 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 is located at www.royalgold.com.\n\nForward-Looking Statements: This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like “will,” “may,” “could,” “should,” “would,” “believe,” “estimate,” “expect,” “anticipate,” “plan,” “forecast,” “potential,” “intend,” “continue,” “project,” or negatives of these words or similar expressions. Forward-looking statements include the statement about our confiden...