Royal Gold is converting some of its namesake precious metal into cash for its shareholders. For its Q3, the company has declared a common stock dividend of $0.20 per share. This will be handed out on July 19 to shareholders of record as of July 5. That amount matches both of the firm's previous two distributions, the most recent of which was paid in April.
The company has been a fairly steady payer of dividends over the years. Over the past decade, its payout has ranged from $0.0375 per share to the present level.
The freshly declared dividend annualizes to $0.80 per share. That yields 1.5% at Royal Gold's most recent closing stock price of $53.83.
The article Royal Gold Declares Q3 Dividend originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in Royal Gold, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.