Royal Gold to Keep Dividend Steady
The Board of Directors for Royal Gold has announced plans to keep its fourth quarter dividend steady at $0.20 per share of common stock.
The company has paid this amount to investors since January 2013, after it boosted its payout by a nickel (or 33%) from $0.15 per share. Royal Gold's latest dividend will be payable on Oct. 18 to stockholders of record as of Oct. 4.
On an annualized basis, Royal Gold's dividend adds up to $0.80 per share. The company's stock was trading at $51.03 as of the market's close on Sept. 16, which means Royal Gold's dividend currently yields 1.5%.
The article Royal Gold to Keep Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
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