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

Key Points

• Triple Flag announced a quarterly dividend of $0.0575 per share, payable June 15 to shareholders of record on June 1, which annualizes to about $0.23 and yields roughly 0.7%.
• The dividend appears well covered: a current payout ratio of 27.7% and analysts' forecast of about $1.47 EPS next year imply a future payout ratio near 15.6%, suggesting sustainability.
• The company beat Q1 estimates with $0.45 EPS vs. $0.43 expected on $147M revenue, and the stock trades at a $6.77B market cap with a P/E of 27.8 and a 52-week range of $19.36–$41.70.

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, June 1st will be given a dividend of 0.0575 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 1st.

Triple Flag Precious Metals has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Triple Flag Precious Metals to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 15.6%.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM opened at $32.79 on Wednesday. The company's 50-day simple moving average is $35.57 and its 200-day simple moving average is $34.13. Triple Flag Precious Metals has a fifty-two week low of $19.36 and a fifty-two week high of $41.70. The stock has a market capitalization of $6.77 billion, a P/E ratio of 27.80, a P/E/G ratio of 2.73 and a beta of -0.20.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million. On average, research analysts forecast that Triple Flag Precious Metals will post 1.4 EPS for the current year.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.

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