Osisko Gold Royalties Ltd (NYSE:OR) Plans Quarterly Dividend of $0.05

Osisko Gold Royalties Ltd (NYSE:OR) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.047 per share by the basic materials company on Monday, July 15th. This represents a $0.19 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04.

Osisko Gold Royalties has increased its dividend payment by an average of 5.5% per year over the last three years. Osisko Gold Royalties has a dividend payout ratio of 33.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Osisko Gold Royalties to earn $0.54 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 35.2%.

Osisko Gold Royalties Stock Down 0.6 %

OR opened at $15.36 on Thursday. Osisko Gold Royalties has a one year low of $11.24 and a one year high of $17.37. The business’s fifty day moving average is $16.23 and its two-hundred day moving average is $15.37. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 0.09.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $45.06 million during the quarter. Osisko Gold Royalties had a negative net margin of 21.54% and a positive return on equity of 6.69%. As a group, equities analysts forecast that Osisko Gold Royalties will post 0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their price objective on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, April 22nd.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.