Triple Flag Precious Metals Corp. (NYSE:TFPM) Raises Dividend to $0.06 Per Share

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 31st will be paid a dividend of 0.06 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. This is a 4.3% increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06.

Triple Flag Precious Metals has a dividend payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Triple Flag Precious Metals to earn $1.38 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 16.7%.

Triple Flag Precious Metals Price Performance

NYSE:TFPM traded up $0.82 during mid-day trading on Thursday, reaching $32.09. 302,645 shares of the company’s stock traded hands, compared to its average volume of 634,859. The company has a 50 day moving average price of $29.24 and a 200-day moving average price of $33.16. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.64 and a beta of -0.18. Triple Flag Precious Metals has a 12-month low of $24.75 and a 12-month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $129.20 million during the quarter, compared to analyst estimates of $129.20 million. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. As a group, analysts forecast that Triple Flag Precious Metals will post 1.43 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.