Sandstorm Gold Ltd (NYSE:SAND) to Issue Quarterly Dividend of C$0.02

Key Points

• Sandstorm Gold Ltd has declared a quarterly dividend of C$0.02 per share, payable on October 7th to investors of record on September 26th, representing an annualized yield of 0.7%.
• The company maintains a dividend payout ratio of 24.0%, suggesting that its current dividend is well-covered by earnings, with projected earnings of $0.22 per share for the next year.
• As of the latest report, Sandstorm Gold's shares opened at $12.14, with a market cap of $3.56 billion and a price-to-earnings ratio of 101.17.

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) declared a quarterly dividend on Monday, September 15th. Investors of record on Friday, September 26th will be given a dividend of 0.02 per share on Tuesday, October 7th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, September 26th.

Sandstorm Gold has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sandstorm Gold to earn $0.22 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 27.3%.

Sandstorm Gold Stock Up 2.1%

Sandstorm Gold stock traded up $0.25 during midday trading on Friday, hitting $11.97. 11,062,486 shares of the company were exchanged, compared to its average volume of 4,104,943. The company's fifty day moving average price is $10.58 and its 200-day moving average price is $9.08. The company has a market cap of $3.53 billion, a PE ratio of 99.75 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40. Sandstorm Gold has a fifty-two week low of $5.33 and a fifty-two week high of $12.19.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $51.42 million for the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%. On average, research analysts predict that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.