Royalty Management Holding Corporation (NASDAQ:RMCO – Get Free Report) declared a quarterly dividend on Thursday, July 16th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.0025 per share on Saturday, October 10th. This represents a $0.01 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, September 30th.
Royalty Management Stock Performance
NASDAQ:RMCO opened at $2.61 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.41 and a current ratio of 1.41. Royalty Management has a fifty-two week low of $1.74 and a fifty-two week high of $5.00. The company has a 50 day simple moving average of $2.67 and a two-hundred day simple moving average of $2.73. The company has a market capitalization of $39.59 million, a PE ratio of -43.50 and a beta of -0.01.
Royalty Management (NASDAQ:RMCO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $1.83 million during the quarter, compared to the consensus estimate of $1.83 million. Royalty Management had a negative net margin of 14.53% and a negative return on equity of 7.93%. Research analysts anticipate that Royalty Management will post -0.04 earnings per share for the current year.
Royalty Management Company Profile
Royalty Management Corporation is a royalty acquisition and management company. It seeks to acquire and manage royalty interests and other contractual revenue rights associated with assets in sectors such as natural resources, mining, agriculture, renewable energy and real estate.
The company’s business model is centered on identifying assets that can generate recurring royalty or similar payments while limiting direct exposure to the costs of operating the underlying projects. Its portfolio and investment activities may include interests connected to mineral resources, environmental assets and other income-producing opportunities.
Royalty Management Corporation is headquartered in Fort Wayne, Indiana, and focuses primarily on opportunities in North America.
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