OR Royalties Inc. (NYSE:OR) Plans Quarterly Dividend of $0.06

Key Points

• OR Royalties Inc. announced a quarterly dividend of $0.06 per share, payable on October 15th to shareholders of record on September 30th, with an annualized yield of 0.7%.
• The company reported earnings of $0.13 per share, missing expectations, and had revenue of $60.36 million, falling short of analyst forecasts by $22.89 million.
• Institutional investors hold a substantial stake in OR Royalties, with hedge funds and other institutions owning 68.52% of the company's stock.

OR Royalties Inc. (NYSE:OR - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.055 per share by the basic materials company on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, September 30th.

OR Royalties has a dividend payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect OR Royalties 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%.

OR Royalties Stock Performance

Shares of OR stock traded up $0.18 during trading on Wednesday, hitting $29.67. The company's stock had a trading volume of 1,414,639 shares, compared to its average volume of 863,808. The business has a fifty day moving average of $26.71 and a 200-day moving average of $22.96. The company has a market cap of $5.58 billion, a PE ratio of 174.52 and a beta of 0.71. OR Royalties has a 52 week low of $15.78 and a 52 week high of $30.09. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 0.06.

OR Royalties (NYSE:OR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $60.36 million during the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a return on equity of 8.66% and a net margin of 15.28%. As a group, research analysts anticipate that OR Royalties will post 0.62 earnings per share for the current year.

Institutional Trading of OR Royalties

Several institutional investors have recently added to or reduced their stakes in OR. Plato Investment Management Ltd purchased a new position in OR Royalties in the first quarter worth about $56,000. Summit Securities Group LLC bought a new stake in shares of OR Royalties during the 1st quarter valued at $62,000. Employees Retirement System of Texas bought a new position in shares of OR Royalties in the fourth quarter worth about $131,000. Hsbc Holdings PLC purchased a new stake in OR Royalties during the 1st quarter valued at approximately $208,000. Finally, Franklin Resources Inc. boosted its position in shares of OR Royalties by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after acquiring an additional 534 shares during the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

OR Royalties Company Profile

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.

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