Triple Flag Precious Metals Corp. (NYSE:TFPM) to Issue Quarterly Dividend of $0.06

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be given a dividend of 0.055 per share on Friday, March 14th. This represents a $0.22 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 3rd.

Triple Flag Precious Metals has a dividend payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Triple Flag Precious Metals to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 31.0%.

Triple Flag Precious Metals Trading Down 4.6 %

Shares of TFPM stock traded down $0.80 during trading hours on Thursday, hitting $16.50. 392,650 shares of the company’s stock traded hands, compared to its average volume of 242,392. The stock’s 50 day simple moving average is $15.92 and its 200 day simple moving average is $16.31. The stock has a market cap of $3.32 billion, a PE ratio of -63.47, a price-to-earnings-growth ratio of 0.81 and a beta of -0.08. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $18.88. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The business had revenue of $74.21 million for the quarter, compared to analyst estimates of $74.10 million. On average, sell-side analysts anticipate that Triple Flag Precious Metals will post 0.55 EPS for the current year.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.