Royal Gold, Inc.
RGLD21 yrs growthBasic Materials · Stock · quarterly payer
Forward Yield
1.00%
Annual Dividend
$1.90
Payout Ratio
22%
5-Yr Growth
10.0%
Ex-Date
Jul 2, 2026
Frequency
Quarterly
Summary
As of July 2026, Royal Gold, Inc. (RGLD) yields 1.00% ($1.90 per share annually), with a blended fair-value estimate of $122.26 — -35% downside, so it screens as overvalued. Dividend safety grade: A (97/100). 21 years of dividend growth.
Is RGLD a good dividend stock?
YesRoyal Gold, Inc. (RGLD) pays a quarterly dividend yielding 1.00% ($1.90/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 21 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (22%)
- Strong 10.0% 5-yr dividend growth
- 70% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.00%
- Payout Ratio
- 22%
- Annual Dividend
- $1.90
- 5-Yr Avg Growth
- 10.0%
- Ex-Dividend Date
- Jul 2, 2026
- Years of Growth
- 21
- Frequency
- quarterly
- Beta
- 0.45
- Market Cap
- $15.9B
- P/E Ratio
- 22.9
- 5-Yr Total Return
- 70%
- 52-Week Range
- $150.75 – $306.25
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
RGLD Price — Last 12 Months
Daily close
Price Return
1 Year
+5%
3 Years
+69%
5 Years
+70%
52-Week Range
$150.75 – $306.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RGLD worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Royal Gold, Inc. is $122.26 per share, versus a market price of $189.17. That implies 35% of downside.
Fair Value
$122.26
Current Price
$189.17
Downside
-35%
Margin of Safety
-55%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 19.0% annual free-cash-flow growth. We model 5.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 5.7% stage-1 growth, 2.5% terminal growth, $8.27 EPS, $1.90 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RGLD Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 2, 2026 | — | $0.4750 | regular |
| Apr 2, 2026 | — | $0.4750 | regular |
| Jan 2, 2026 | — | $0.4750 | regular |
| Oct 3, 2025 | — | $0.4500 | regular |
| Jul 3, 2025 | — | $0.4500 | regular |
| Apr 4, 2025 | — | $0.4500 | regular |
| Jan 3, 2025 | — | $0.4500 | regular |
| Oct 4, 2024 | — | $0.4000 | regular |
| Jul 5, 2024 | — | $0.4000 | regular |
| Apr 4, 2024 | — | $0.4000 | regular |
| Jan 4, 2024 | — | $0.4000 | regular |
| Oct 5, 2023 | — | $0.3750 | regular |
| Jul 6, 2023 | — | $0.3750 | regular |
| Apr 5, 2023 | — | $0.3750 | regular |
Income Calculator
At $1.90 / yr per share
