Triple Flag Precious Metals Corp. (NYSE:TFPM) Declares Quarterly Dividend of $0.06

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.055 per share on Friday, March 14th. This represents a $0.22 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 3rd.

Triple Flag Precious Metals has a dividend payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Triple Flag Precious Metals 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%.

Triple Flag Precious Metals Price Performance

TFPM traded down $0.80 during trading hours on Thursday, hitting $16.50. The company’s stock had a trading volume of 392,650 shares, compared to its average volume of 242,392. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $18.88. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of -63.47, a P/E/G ratio of 0.81 and a beta of -0.08. The business’s 50-day moving average price is $15.92 and its 200-day moving average price is $16.31.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The business had revenue of $74.21 million for the quarter, compared to analysts’ expectations of $74.10 million. Sell-side analysts expect that Triple Flag Precious Metals will post 0.55 earnings per share for the current fiscal year.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.