Royal Gold, Inc. (RGLD) will raise its quarterly dividend by 5.7 percent to $0.28 per share in 2019. This will mark the 19th consecutive year of higher dividend payments by royalty company.

The next dividend is payable on January 17, 2020 to shareholders of record at the close of business on January 3, 2020.

A new annual rate of $1.12 per share yields 0.9% at a stock price of $119.

“Paying a growing and sustainable dividend is a core strategic objective for Royal Gold,” commented Tony Jensen, President and CEO. “From the period of 2000 through to the end of our fiscal first quarter of 2020, we have returned approximately $520 million in dividends to shareholders. Royal Gold is one of the original constituents in the VanEck Vectors Gold Miners ETF (the “GDX”), which tracks the performance of the global gold mining industry, and is the only company in the GDX that has paid an increasing dividend every year since the index was formed in 2006.”

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.