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

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 paid 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 of this dividend is Friday, September 26th.

Sandstorm Gold has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:SAND opened at $12.14 on Tuesday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 101.17 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. The firm has a 50 day simple moving average of $10.42 and a 200 day simple moving average of $8.96. Sandstorm Gold has a one year low of $5.33 and a one year high of $12.19.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $51.42 million during the quarter, compared to the consensus estimate of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. Research analysts predict that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

About Sandstorm Gold

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.

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