Royal Gold, Inc. (RGLD) announced today that its Board of Directors increased the Company’s annual calendar year common stock dividend by approximately 7% from $1.40 to $1.50 per share, payable on a quarterly basis of $0.375 per share. The first quarterly dividend at the increased rate is payable on January 20, 2023, to shareholders of record at the close of business on January 6, 2023.

“Paying a growing and sustainable dividend has been a core strategic objective for Royal Gold since our inaugural dividend in 2000,” commented Bill Heissenbuttel, President and CEO of Royal Gold. “Our long and consistent history of dividend increases is unique in the precious metals sector and Royal Gold is the only precious metals company in the S&P High Yield Dividend Aristocrats Index. We have a broad and diversified portfolio of high-quality, long-life and cash-flowing assets operated by some of the world’s leading mining companies, and today’s dividend announcement illustrates our confidence in the long-term outlook for our business.”

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.