Vox Royalty Corp. (VOXR) to Distribute Quarterly Dividend of $0.01 on October 14th

Vox Royalty Corp. (NASDAQ:VOXR) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.015 per share on Wednesday, October 14th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 30th.

Vox Royalty has a dividend payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Vox Royalty to earn $0.16 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 37.5%.

Vox Royalty Stock Up 3.7%

VOXR opened at $5.35 on Friday. The firm has a market cap of $371.56 million, a P/E ratio of 7.99 and a beta of 0.53. The business’s fifty day simple moving average is $4.74 and its 200 day simple moving average is $5.29. Vox Royalty has a 52 week low of $3.13 and a 52 week high of $6.70.

Vox Royalty (NASDAQ:VOXR) last announced its earnings results on Wednesday, May 13th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.28. Vox Royalty had a net margin of 246.96% and a return on equity of 14.55%. The firm had revenue of $16.04 million during the quarter, compared to the consensus estimate of $7.72 million. As a group, equities analysts expect that Vox Royalty will post 0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VOXR has been the topic of several recent analyst reports. Roth Capital reissued a “buy” rating and set a $8.00 price objective on shares of Vox Royalty in a research note on Monday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Vox Royalty in a research note on Friday, May 15th. Zacks Research upgraded Vox Royalty from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings downgraded Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Finally, Wall Street Zen lowered Vox Royalty from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.00.

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.