Benzinga | Mar 30, 2021 10:13AM EDT

Analyzing Royal Gold's Ex-Dividend Date

On March 4, 2021, Royal Gold (NASDAQ:RGLD) declared a dividend payable on April 15, 2021 to its shareholders. Royal Gold also announced that shareholders on the company's books on or before April 1, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Royal Gold is set for March 31, 2021. The company's current dividend payout sits at $0.3, equating to a dividend yield of 1.16% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Royal Gold's Dividend Performance

Over the past year, Royal Gold has seen its dividend payouts and yields climb upward overall. Last year (April 2, 2020), the company's payout sat at $0.28, which has since increased by $0.02. Royal Gold's dividend yield last year was 1.13%, which has since grown by 0.03%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Royal Gold's previous dividends.