Key Developments For Royal Gold, Inc.
Royal Gold, Inc. (RGLD.O) (Nasdaq)
Royal Gold, Inc. Raises Common Stock Dividend 13% To $0.36 Per Share
Royal Gold, Inc. announced that its Board of Directors increased the Company's annual dividend for its shares of common stock from $0.32 to $0.36, payable on a quarterly basis of $0.09 per share. The dividend of $0.09 per share will be payable on January 15, 2010, to shareholders of record at the close of business on January 4, 2010.
Royal Gold, Inc. Announces Fourth Quarter Dividend
Royal Gold, Inc. announced that its Board of Directors have declared its fourth quarter dividend of $0.08 per share of common stock. The dividend is payable on October 16, 2009, to shareholders of record at the close of business on October 2, 2009.
Royal Gold, Inc. Announces Third Quarter Dividend
Royal Gold, Inc. announced that its Board of Directors has declared its third quarter dividend of $0.08 per share of common stock. The dividend is payable on July 17, 2009, to shareholders of record at the close of business on July 2, 2009.
Royal Gold, Inc. Announces Closing Of Public Offering Of Common Stock
Royal Gold, Inc. announced the closing of its public offering of common stock pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission and a shelf prospectus filed with certain Canadian securities regulatory authorities. The Company sold 6,500,000 shares of common stock at a price of $38.00 per share and has granted the underwriters a 30 day option to purchase up to 975,000 additional shares of common stock to cover over-allotments, if any. The over-allotment period ends May 14, 2009. Proceeds to the Company from the offering, net of commission and expenses, are expected to be approximately $235.3 million, assuming the underwriters' over-allotment option is not exercised. The proceeds from the offering will be used primarily to pay the cash component of the Andacollo transaction that was announced on April 6, 2009. If the transaction does not close, the net proceeds will be used for general corporate purposes and to fund future acquisitions. HSBC Securities (USA) Inc. acted as the global coordinator and as the joint book-runner for the offering with Goldman, Sachs & Co. and Scotia Capital (USA) Inc.
Royal Gold, Inc. Announces Pricing of Common Stock Offering
Royal Gold, Inc. announced that it has priced its public offering of common stock pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission and a shelf prospectus filed with certain Canadian securities regulatory authorities. The Company has agreed to sell 6,500,000 shares at a price of $38.00 per share. The Company has granted the underwriters a 30-day option to purchase up to 975,000 additional shares of common stock to cover over-allotments, if any. Proceeds to the Company from the offering, net of commission and expenses, are expected to be approximately $235.3 million (assuming the underwriters' over-allotment option is not exercised). The offering will close on April 14, 2009. HSBC Securities (USA) Inc. is the global coordinator and is acting as joint book-runner for the offering with Goldman, Sachs & Co. and Scotia Capital (USA) Inc. Merrill Lynch & Co. and NBF Securities (USA) Corp. are co-managers for the offering.
