Royal Gold (NASDAQ:RGLD) is converting some of its namesake precious metal into cash for its shareholders. For its Q3, the company has declared a common stock dividend of $0.20 per share. This will be handed out on July 19 to shareholders of record as of July 5. That amount matches both of the firm's previous two distributions, the most recent of which was paid in April.

The company has been a fairly steady payer of dividends over the years. Over the past decade, its payout has ranged from $0.0375 per share to the present level.

The freshly declared dividend annualizes to $0.80 per share. That yields 1.5% at Royal Gold's most recent closing stock price of $53.83.

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