Vox Royalty Corp. Plans Quarterly Dividend of $0.02 (NASDAQ:VOXR)

Vox Royalty Corp. (NASDAQ:VOXR) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Tuesday, June 30th will be given a dividend of 0.015 per share on Tuesday, July 14th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th.

Vox Royalty has a payout ratio of 85.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Vox Royalty to earn $0.23 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 26.1%.

Vox Royalty Price Performance

NASDAQ:VOXR traded up $0.36 on Thursday, reaching $6.64. 475,959 shares of the company’s stock traded hands, compared to its average volume of 583,909. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $5.53 and a 200-day simple moving average of $5.13. The firm has a market cap of $457.43 million, a PE ratio of 95.19 and a beta of 0.36. Vox Royalty has a 12 month low of $3.03 and a 12 month high of $6.61.

Vox Royalty (NASDAQ:VOXR) last issued its earnings results on Friday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. Vox Royalty had a return on equity of 0.71% and a net margin of 35.42%.The firm had revenue of $7.36 million for the quarter, compared to analysts’ expectations of $7.72 million. Equities research analysts forecast that Vox Royalty will post 0.11 earnings per share for the current year.

About Vox Royalty

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.