Vox Royalty Corp. (VOXR) To Go Ex-Dividend on June 30th

Vox Royalty Corp. (NASDAQ:VOXR) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.015 per share on Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

Vox Royalty has a 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 fall. 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 Stock Up 2.5%

Shares of Vox Royalty stock opened at $4.92 on Friday. The firm has a market capitalization of $338.99 million, a P/E ratio of 11.71 and a beta of 0.42. The company has a 50 day moving average price of $5.54 and a 200 day moving average price of $5.39. Vox Royalty has a 52 week low of $3.03 and a 52 week high of $6.70.

Vox Royalty (NASDAQ:VOXR) last released its earnings results on Monday, March 30th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%.The company had revenue of $7.36 million during the quarter, compared to analyst estimates of $5.88 million. As a group, research analysts anticipate that Vox Royalty will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vox Royalty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise acquired a new position in shares of Vox Royalty in the 1st quarter valued at about $32,000. AQR Capital Management LLC acquired a new stake in Vox Royalty during the fourth quarter worth about $50,000. ProShare Advisors LLC acquired a new stake in Vox Royalty during the fourth quarter worth about $52,000. XTX Topco Ltd purchased a new position in Vox Royalty during the second quarter valued at approximately $56,000. Finally, BNP Paribas Financial Markets raised its position in Vox Royalty by 160.2% during the third quarter. BNP Paribas Financial Markets now owns 13,313 shares of the company’s stock valued at $57,000 after acquiring an additional 8,196 shares in the last quarter. 45.95% of the stock is owned by institutional investors and hedge funds.

About Vox Royalty

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.