Vox Royalty Corp. (NASDAQ:VOXR) Declares $0.01 Quarterly Dividend

Vox Royalty Corp. (NASDAQ:VOXR) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.015 per share on Wednesday, October 14th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 30th.

Vox Royalty has a dividend payout ratio of 85.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Vox Royalty to earn $0.16 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 37.5%.

Vox Royalty Trading Down 0.6%

Vox Royalty stock opened at $5.16 on Thursday. The firm has a 50-day moving average of $4.75 and a 200-day moving average of $5.29. The firm has a market cap of $358.37 million, a P/E ratio of 12.29 and a beta of 0.53. Vox Royalty has a 1-year low of $3.13 and a 1-year high of $6.70.

Vox Royalty (NASDAQ:VOXR) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.08. Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%. Research analysts forecast that Vox Royalty will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vox Royalty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Vox Royalty in the 2nd quarter worth approximately $30,614,000. Ashford Capital Management Inc. raised its stake in Vox Royalty by 13.8% during the first quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company’s stock valued at $18,795,000 after buying an additional 434,530 shares during the last quarter. U S Global Investors Inc. raised its stake in Vox Royalty by 6.4% during the first quarter. U S Global Investors Inc. now owns 1,662,000 shares of the company’s stock valued at $8,709,000 after buying an additional 100,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Vox Royalty by 36.7% in the fourth quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock worth $3,478,000 after acquiring an additional 197,117 shares in the last quarter. Finally, McAlvany Wealth Management LLC grew its stake in shares of Vox Royalty by 33.5% in the first quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company’s stock worth $3,513,000 after acquiring an additional 184,002 shares during the last quarter. Hedge funds and other institutional investors own 45.95% of the company’s stock.

Vox Royalty Company Profile

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.