Royal Gold raises annual dividend to $1.60 per share from $1.50

Royal Gold announced that its Board of Directors approved an increase in the company’s annual calendar year common stock dividend of approximately 7% from $1.50 to $1.60 per share, payable on a quarterly basis of 40c per share. The first quarterly dividend at the increased rate is payable on January 19, 2024, to shareholders of record at the close of business on January 5, 2024. “Paying a growing and sustainable dividend continues to be a core strategic objective for Royal Gold,” commented Bill Heissenbuttel, President and CEO of Royal Gold. “We have paid a dividend since 2000, and despite volatility in the gold price we’ve increased our annual dividend every year since 2001. Our focus on consistently increasing our capital return to shareholders 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.”