Triple Flag Declares Q2 2024 Dividend

Rhea-AI Summary

Triple Flag Precious Metals Corp. (TFPM) has declared a cash dividend of US$0.0525 per common share to be paid on June 14, 2024, to shareholders of record at the close of business on May 31, 2024.

Insights

Financial Analyst

Triple Flag Precious Metals Corp's recent announcement of a cash dividend represents a tangible return to its shareholders and is a direct insight into the company's current financial health. Dividends are a portion of the company's earnings distributed to shareholders and are often perceived as a sign of a company's stability and confidence in its ability to generate cash flow.

Assessing the dividend amount of $0.0525 per common share against the backdrop of the company's earnings, payout ratios and industry benchmarks can provide a clearer picture of its sustainability. Furthermore, the yield, calculated as the annual dividends per share divided by the price per share, is a important metric for investors seeking income through dividend payments.

For long-term investors, consistent dividends could suggest a reliable income stream, but it's important to consider the growth potential of the stock as well. If a company is paying out most of its earnings as dividends, this could limit its ability to reinvest in its own growth, which might impact long-term capital appreciation.

Market Research Analyst

The declaration of a dividend can also be a strategic move to signal market confidence. For Triple Flag Precious Metals Corp, this could be an indicator that the management believes in the company's fundamentals and future prospects. It's essential to evaluate this action in the context of the precious metals market, which can be volatile and influenced by various macroeconomic factors.

Investors might also consider how dividends fit into the overall investment thesis for a company like Triple Flag, which operates in a sector where prices are driven by supply and demand dynamics as well as investor sentiment towards safe-haven assets. A stable dividend can be particularly attractive in an industry subject to price fluctuations.

TORONTO--(BUSINESS WIRE)-- Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX:TFPM, NYSE:TFPM) is pleased to announce that its Board of Directors has approved the declaration of a cash dividend of US$0.0525 per common share to be paid on June 14, 2024, to the shareholders of record at the close of business on May 31, 2024.

About Triple Flag

Triple Flag is a pure play, precious-metals-focused streaming and royalty company. We offer bespoke financing solutions to the metals and mining industry with exposure primarily to gold and silver in the Americas and Australia, with a total of 234 assets, including 15 streams and 219 royalties. These investments are tied to mining assets at various stages of the mine life cycle, including 32 producing mines and 202 development and exploration stage projects. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange, under the ticker “TFPM”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240507749430/en/

Investor Relations:

David Lee

Vice President, Investor Relations

+1 (416) 304-9770

ir@tripleflagpm.com

Media:

Gordon Poole, Camarco

+44 (0) 7730 567 938

tripleflag@camarco.co.uk

Source: Triple Flag Precious Metals Corp.

FAQ

When will Triple Flag Precious Metals Corp. (TFPM) pay the declared dividend?

Triple Flag Precious Metals Corp. (TFPM) will pay the declared dividend on June 14, 2024.

How much is the cash dividend per common share announced by Triple Flag Precious Metals Corp. (TFPM)?

The cash dividend per common share announced by Triple Flag Precious Metals Corp. (TFPM) is US$0.0525.

When is the record date for shareholders to receive the declared dividend from Triple Flag Precious Metals Corp. (TFPM)?

The record date for shareholders to receive the declared dividend from Triple Flag Precious Metals Corp. (TFPM) is May 31, 2024.