DENVER--(BUSINESS WIRE)--
Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) (“Royal Gold” or the
“Company”), today announced that its Board of Directors increased the
Company’s annual dividend for its shares of common stock from $0.88 to
$0.92 per share, payable on a quarterly basis of $0.23 per share. The
newly declared dividend is 5% higher than the dividend paid in calendar
year 2015. Royal Gold has steadily increased its annual dividend every
year since 2001.
The Board declared the dividend of $0.23 per share will be payable on
January 22, 2016, to shareholders of record at the close of business on
January 8, 2016.
Tony Jensen, President and CEO, commented, “For 15 consecutive years,
Royal Gold has increased its annual dividend. Our strong cash flow from
operations has allowed us to balance growth with return of capital at a
time when others are reducing or eliminating dividends. We recently
completed four streaming transactions which we expect to strengthen our
cash flow position even further as these new streams are integrated into
the portfolio.”
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 197
properties on six continents, including interests on 39 producing mines
and 23 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.
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 expectations concerning
growth of the Company’s cash flow; and statements about growth and
development at operations which are subject to our streaming agreements.
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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Source: Royal Gold, Inc.