Royal Gold Increases Common Stock Dividend to $1.06 per Share
November 13 2018 - 07:20PM
Business Wire
Royal Gold, Inc. (NASDAQ: RGLD) (“Royal Gold” or the
“Company”), today announced that its Board of Directors increased
the Company’s annual calendar year dividend for its shares of
common stock from $1.00 to $1.06 per share, payable on a quarterly
basis of $0.265 per share. Royal Gold has increased its annual
dividend every year since 2001.
The dividend is payable on January 18, 2019 to shareholders of
record at the close of business on January 4, 2019.
Tony Jensen, President and CEO, commented, “Payment of a growing
and sustainable dividend is a core strategic objective for Royal
Gold, and I am pleased that Royal Gold’s Board of Directors has
voted to increase our annual dividend for the 18th year in a row.
Since 2001, we have increased our dividend regardless of the gold
price and we have paid approximately $460 million in total
dividends to shareholders.”
Royal 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. The
Company owns interests on 191 properties on six continents,
including interests on 40 producing mines and 18 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.
For further information, please contact:
Cautionary “Safe Harbor” Statement Under the Private
Securities Litigation Reform Act of
1995: With the exception of historical matters, the
matters discussed in this press release are forward-looking
statements that involve risks and uncertainties that could cause
actual results to differ materially from projections or estimates
contained herein. Such forward-looking statements include
statements concerning payment of growing and sustainable dividends
and annual dividend increases. Please see the Company's Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, and other
filings with the Securities and Exchange Commission for a
discussion of the Company’s risks and uncertainties. Readers are
cautioned not to put undue reliance on forward-looking
statements.
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Royal GoldAlistair Baker, 647-749-8204Director, Business
Development
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