Royal Gold (RGLD) will raise its quarterly dividend by 5.0 percent to $0.21 per share in 2013. Royal Gold will pay a $0.21 quarterly dividend, translating into an estimated yield of 1.8% at the current stock price of $46.21.

The company now has increased its dividend for 13 consecutive years since 2011. The last dividend boost dates from November 2012, when the quarterly dividend was raised by 33.3 percent.

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 properties on multiple continents, including interests on producing mines and development stage projects. A royalty is a non-operating interest in a mining project that provides the right to revenue or metals produced from the project after deducting contractually specified costs, if any. The company originally began in 1981 as Royal Resources Corporation, an oil and gas exploration and production company. Royal Gold began operating in 1986.