Vox Royalty Corp. (VOXR) to Issue Quarterly Dividend of $0.02 on July 14th

Vox Royalty Corp. (NASDAQ:VOXR) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.015 per share on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date 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 decline. Equities research analysts expect Vox Royalty to earn $0.23 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 26.1%.

Vox Royalty Trading Up 0.6%

Shares of VOXR stock opened at $6.32 on Friday. Vox Royalty has a 52-week low of $3.03 and a 52-week high of $6.70. The stock has a market cap of $435.45 million, a price-to-earnings ratio of 15.05 and a beta of 0.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.73 and a current ratio of 2.73. The firm has a fifty day moving average of $5.54 and a 200-day moving average of $5.15.

Vox Royalty (NASDAQ:VOXR) last posted its earnings results on Monday, March 30th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). Vox Royalty had a return on equity of 9.38% and a net margin of 190.73%.The firm had revenue of $7.36 million during the quarter, compared to the consensus estimate of $5.88 million. On average, equities research analysts forecast that Vox Royalty will post 0.11 earnings per share for the current fiscal year.

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.