OR Royalties Inc. (OR) To Go Ex-Dividend on December 31st

OR Royalties Inc. (NYSE:OR) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.055 per share by the basic materials company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 31st.

OR Royalties has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. OR Royalties has a dividend payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OR Royalties to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 31.0%.

OR Royalties Stock Performance

NYSE OR opened at $37.60 on Monday. The business’s fifty day moving average is $33.92 and its 200 day moving average is $32.38. OR Royalties has a fifty-two week low of $17.55 and a fifty-two week high of $42.25. The company has a market capitalization of $7.07 billion, a PE ratio of 47.59 and a beta of 0.81.

OR Royalties (NYSE:OR) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. OR Royalties had a net margin of 60.72% and a return on equity of 10.67%. The business had revenue of $71.63 million for the quarter, compared to the consensus estimate of $53.85 million. On average, sell-side analysts forecast that OR Royalties will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OR. Picton Mahoney Asset Management bought a new stake in OR Royalties during the 2nd quarter valued at $96,617,000. Van ECK Associates Corp raised its holdings in shares of OR Royalties by 20.5% in the third quarter. Van ECK Associates Corp now owns 15,561,057 shares of the basic materials company’s stock valued at $623,686,000 after acquiring an additional 2,650,333 shares in the last quarter. Elliott Investment Management L.P. purchased a new stake in OR Royalties in the first quarter worth about $46,045,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in OR Royalties by 39.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,543,667 shares of the basic materials company’s stock worth $302,419,000 after acquiring an additional 2,124,421 shares during the period. Finally, EdgePoint Investment Group Inc. grew its holdings in OR Royalties by 6.8% during the 1st quarter. EdgePoint Investment Group Inc. now owns 24,020,067 shares of the basic materials company’s stock worth $507,009,000 after acquiring an additional 1,534,292 shares in the last quarter. Institutional investors own 68.52% of the company’s stock.

About OR Royalties

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.