DENVER--(BUSINESS WIRE)--
Royal Gold, Inc. (NASDAQ: RGLD)(TSX: RGL), today announced that
its Board of Directors increased the Company’s annual dividend for its
shares of common stock from $0.84 to $0.88, payable on a quarterly basis
of $0.22 per share. The newly declared dividend is 5% higher than the
dividend paid in calendar year 2014. Royal Gold has steadily increased
its annual dividend since 2001.
The Board declared the dividend of $0.22 per share will be payable on
January 16, 2015, to shareholders of record at the close of business on
January 2, 2015. The quarterly dividend of US$0.22 is also payable to
holders of exchangeable shares of RG Exchangeco.
Tony Jensen
, President and CEO, said, “Today’s announcement marks the 14th
consecutive year that Royal Gold has increased its annual dividend.
While several companies in our industry are reducing or eliminating
their dividends, Royal Gold continues to increase its return of capital
to shareholders. We are pleased to be in a position where we are
sufficiently well-capitalized to balance the pursuit of growth
opportunities with our strategic objective to provide a growing and
sustainable dividend.”
Royal Gold is a precious metals royalty and stream company engaged in
the acquisition and management of precious metal royalties, streams, and
similar production based interests. The Company owns interests on 199
properties on six continents, including interests on 37 producing mines
and 24 development stage projects. Royal Gold is publicly traded on the
NASDAQ Global Select Market under the symbol “RGLD,” and on the Toronto
Stock Exchange under the symbol “RGL.” The Company’s website is located
at www.royalgold.com.
Source: Royal Gold, Inc.