DENVER--(BUSINESS WIRE)--
Royal Gold, Inc. (NASDAQ: RGLD) (“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 $0.92 to $0.96 per
share, payable on a quarterly basis of $0.24 per share. The newly
declared dividend is 4.4% higher than the dividend paid in calendar year
2016. Royal Gold has increased its annual dividend every year since 2001.
The dividend is payable on January 20, 2017 to shareholders of record at
the close of business on January 6, 2017.
Tony Jensen, President and CEO, commented, “One of Royal Gold’s
strategic objectives is to pay a growing and sustainable dividend,
reflecting the strength of our business. Today, we honor that objective
for the sixteenth straight year. Our board’s decision to increase our
2017 annual dividend to $0.96 per share is consistent with the belief
that Royal Gold should provide an industry leading return of capital to
shareholders in a sustainable manner.”
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 192
properties on six continents, including interests on 38 producing mines
and 24 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.
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