Osisko Gold Royalties Ltd (OR) to Issue Quarterly Dividend of $0.05 on April 15th

Osisko Gold Royalties Ltd (NYSE:OR) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.0457 per share by the basic materials company on Tuesday, April 15th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, March 31st.

Osisko Gold Royalties has raised its dividend by an average of 6.7% per year over the last three years. Osisko Gold Royalties has a dividend payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Osisko Gold Royalties to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 25.4%.

Osisko Gold Royalties Price Performance

Shares of NYSE OR opened at $18.57 on Friday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $18.87 and a two-hundred day simple moving average of $18.75. Osisko Gold Royalties has a 1-year low of $13.63 and a 1-year high of $21.29. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 206.28 and a beta of 1.02.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The company had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. Analysts anticipate that Osisko Gold Royalties will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

OR has been the subject of several recent research reports. Royal Bank of Canada lifted their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. TD Securities lowered shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.