RE:Metal Announces Monthly Dividend - to start in Jan .001/shsuprised its not trading much higher on this NR.
Despite PM mining back in a bear market they do execute and announce a dividend of approx 2% yield only about 1,5 yrs after their inception as a royalty co.
Makes them the only diversified PM roylaty Co paying a dividend wirth a sub 1 Billion marketcap.
Maverix Metals does not pay a dividend
Sandstorm Gold does not pay a dividend
next bigger ones are the bis 3 Franco-Nevada, Silver Wheaton and Royal gold.
I believe that paying a dividend will turn out to be a major competative advantage in negiotiating additional deals. If i were a private royalty holder i much rather prefere a dividnend paying stock as consideration compared to just cash, or a non.paying stock.
the raise in guidance is quite substancial and they are still trading BELOW 1*NAV, which i believe is pretty uniquie in the PM royalty space. All others trade substancially ABOVE 1*NAV.