Royal Gold (RGLD): The #1 gold stock for Dividend Investors

No Other Gold Stock Comes Close to this 'High Yield' Dividend Aristocrat

Royal Gold Inc. RGLD 0.00%↑ stands out not just for its unique business model but also for its exceptional track record of returning capital to shareholders. And another good thing is that the company has more cash than debt on its balance sheet, further fueling strong dividend growth in the next couple of years.

Paying a growing and sustainable dividend is a core strategic objective for Royal Gold. The company has paid a dividend on its common stock each and every year since the dividend was establised in July 2000.

Even better, Royal Gold has consistently increased its dividend, achieving a 15% compound annual growth rate (CAGR) from 2000 to 2025, demonstrating a steadfast commitment to sustainable and growing payouts. This dedication has earned Royal Gold a coveted place as the only precious metals company in the S&P High Yield Dividend Aristocrats Index. The funny thing is that RGLD does not have a high dividend yield; its a dividend growth stock known for its big dividend hikes, resulting in the stock trading at an all time high right now.

Royal Gold continues its strong dividend track record in 2025 (source: company website)

What makes this dividend growth possible? Royal Gold’s efficient streaming and royalty model generates high operating margins and substantial revenue per employee, providing resilience in various market conditions. The company's 2024 revenue came 76% from gold, primarily from high-quality, precious-metal-focused assets across 42 producing properties worldwide. With $1.2 billion in liquidity as of December 2024 and a $1 billion credit facility, Royal Gold is well-capitalized, funding growth through operational cash flow and strategic debt use while enhancing per-share performance.

Before you go—there’s even more to like about Royal Gold. We’ll break down its rock-solid fundamentals, soaring profit margins, and unmatched financial strength. Plus, we’ll dive into analyst ratings and price targets to see just how much upside remains. Spoiler: no other gold stock comes close.