Royal Gold Increases Common Stock Dividend 36% to $0.60 per Share
Royal Gold, Inc. (NASDAQ:RGLD)(TSX:RGL), today announced that its
Board of Directors increased the Company′s annual dividend for its
shares of common stock from $0.44 to $0.60, payable on a quarterly basis
of $0.15 per share. The newly declared dividend is 36% higher than the
dividend paid in calendar year 2011. Royal Gold has steadily increased
its annual dividend since 2001.
The Board declared the dividend of $0.15 per share will be payable on
January 20, 2012, to shareholders of record at the close of business on
January 6, 2012. The quarterly dividend of US$0.15 is also payable to
holders of exchangeable shares of RG Exchangeco.
Tony Jensen, President and CEO, said, 'We are pleased to have raised our
shareholder dividend for over ten years in a row. This latest increase
reflects the Company′s growth in cash flow while balancing other
resource needs to create long-term shareholder value and reduce debt.?
Royal Gold is a precious metals royalty company engaged in the
acquisition and management of precious metal royalties and similar
interests. The Company′s portfolio consists of 187 properties on six
continents, including interests on 37 producing mines and 22 development
stage projects. Royal Gold is publicly traded on the NASDAQ Global
Select Market under the symbol 'RGLD,? and on the Toronto Stock Exchange
under the symbol 'RGL.? The Company′s website is located at www.royalgold.com.
Royal Gold, Inc.
Karen Gross, Vice President and Corporate
Secretary, 303-575-6504