Triple Flag Precious Metals Corp. (TFPM) To Go Ex-Dividend on August 31st

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.06 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 31st. This is a 4.3% increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06.

Triple Flag Precious Metals has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Triple Flag Precious Metals to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 17.4%.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $33.98 on Friday. The firm has a market capitalization of $7.00 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 3.10 and a beta of -0.18. Triple Flag Precious Metals has a 1 year low of $26.61 and a 1 year high of $41.70. The firm’s 50-day moving average is $30.35 and its two-hundred day moving average is $32.75.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The business had revenue of $129.20 million during the quarter, compared to analyst estimates of $129.20 million. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. Analysts expect that Triple Flag Precious Metals will post 1.43 EPS for the current fiscal year.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.