Key Highlights

  • Royal Gold's $0.475 quarterly dividend has an October 2, 2026 ex-dividend date and is payable October 16 to shareholders of record.
  • Second-quarter revenue was $450.5 million versus $209.6 million, and record operating cash flow was $335.2 million versus $152.8 million.
  • Net income was $236.4 million, or $2.78 per share, and adjusted net income, a non-GAAP measure, was $218.2 million, or $2.56 per share.
  • Sales volume was 100,000 gold equivalent ounces versus 63,900, and the adjusted EBITDA margin was 83%.

Overview

Royal Gold, Inc.'s (NASDAQ:RGLD) $0.475 quarterly dividend yields 0.80% and sits beside second-quarter net income of $2.78 per share and adjusted net income of $2.56 per share. The Board declared the fourth-quarter dividend in August 2026, at the quarterly rate set when it increased the 2026 annual dividend from $1.80 to $1.90 per share.

Dividend Program and Shareholder Returns

Royal Gold's Board declared its fourth quarter dividend of $0.475 per share in August 2026, payable Friday, October 16 to shareholders of record at the close of business Friday, October 2.

For 2026, the Board approved an increase in the annual calendar year common stock dividend of approximately 6%, from $1.80 to $1.90 per share, payable quarterly at $0.475. The third quarter dividend of $0.475 was payable July 16 to shareholders of record July 2.

About the Company

Royal Gold is a high-margin, large-capitalization company that generates cash flows from a diversified portfolio of precious metal streams, royalties and similar production-based interests in mining-friendly jurisdictions. Its shares trade on Nasdaq under the symbol RGLD, and it is based in Denver.

Financial Performance Behind the Payout

Royal Gold recognized second-quarter revenue of $450.5 million, comprising stream revenue of $311.0 million and royalty revenue of $139.6 million, at an average gold price of $4,506 per ounce, silver price of $73.15 per ounce and copper price of $6.05 per pound. First-half revenue was $919.7 million versus $403.1 million.

Net income attributable to Royal Gold stockholders was $236.4 million, or $2.78 per basic and diluted share, versus $132.3 million, or $2.01. Adjusted net income was $218.2 million, or $2.56 per share, versus $118.8 million. Sales volume was 100,000 GEOs versus 63,900, and first-half volume was 196,000 GEOs versus 131,500. The adjusted EBITDA margin was 83%.

Portfolio Additions, Debt Repayment and Share Repurchases

The company attributed higher revenue to higher realized metal prices and new contributions from the Kansanshi stream and the Sandstorm portfolio. Higher deliveries from Andacollo, Mount Milligan, Pueblo Viejo and Cortez also contributed.

The release headline cites record operating cash flow, repurchase of shares and further repayment of debt. The company also completed the Hod Maden restructuring and advanced conditional funding of $50 million for Warintza.

Outlook

Royal Gold's results are tied to realized gold, silver and copper prices, which averaged $4,506, $73.15 and $6.05 in the quarter. Deliveries from its streams, funding for Warintza and Hod Maden, debt repayment and share repurchases are the items the company reports.