Royal Gold (FRA:RG3) Dividend Payout Ratio: 0.18 (As of Mar. 2026) — 57% Below Median


FRA:RG3 Royal Gold Inc FRA:RG3
91 GF Score
Price €178.80
GF Value €237.63
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Royal Gold Dividend Payout Ratio?

Royal Gold FRA:RG3 +2.17% 91 Dividend Payout Ratio is 0.18 as of Mar. 2026, which is 57% below its 10-year median of 0.42. GuruFocus rates FRA:RG3 with a GF Score™ of 91/100 and a GF Value™ of €237.63 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 301 Metals & Mining companies, Royal Gold ranks better than 59.47% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Royal Gold's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.18.

The historical rank and industry rank for Royal Gold's Dividend Payout Ratio or its related term are showing as below:

FRA:RG3' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.42   Max: 0.69
Current: 0.22

During the past 13 years, the highest Dividend Payout Ratio of Royal Gold was 0.69. The lowest was 0.22. And the median was 0.42.

FRA:RG3's Dividend Payout Ratio is ranked better than
59.47% of 301 companies
in the Metals & Mining industry
Industry Median: 0.27 vs FRA:RG3: 0.22

As of today (2026-06-26), the Dividend Yield % of Royal Gold is 0.89%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Royal Gold was 1.50%. The lowest was 0.61%. And the median was 1.10%.

Royal Gold's Dividends per Share for the months ended in Mar. 2026 was €0.41.

During the past 12 months, Royal Gold's average Dividends Per Share Growth Rate was 8.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Royal Gold was 35.80% per year. The lowest was 4.40% per year. And the median was 13.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Royal Gold (FRA:RG3) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Royal Gold Dividend Payout Ratio Related Terms

Royal Gold Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Royal Gold's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Royal Gold Dividend Payout Ratio Chart

Royal Gold Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.42 0.42 0.33 0.25

Royal Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.25 0.22 0.25 0.18

FRA:RG3 vs CDE, AUGO, SA: Dividend Payout Ratio Comparison

For the Gold subindustry, Royal Gold's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Royal Gold Dividend Payout Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Royal Gold's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Royal Gold's Dividend Payout Ratio falls into.


FRA:RG3
91GF Score
Royal Gold Inc FRA:RG3
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Royal Gold Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Royal Gold's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.559/ 6.26
=0.25

Royal Gold's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.411/ 2.353
=0.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.18 mean?
Royal Gold (FRA:RG3) has a Dividend Payout Ratio of 0.18 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Royal Gold and its competitors. This is 57% below median its historical median of 0.42. Over the past decade, Royal Gold's Dividend Payout Ratio has ranged from 0.22 to 0.69. According to the industry distribution chart, Royal Gold ranks #122 out of 301 companies in the Metals & Mining industry, placing it in the top 40.5%.
Is Royal Gold's Dividend Payout Ratio too high?
Royal Gold's current Dividend Payout Ratio of 0.18 is 57% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.69. The Metals & Mining industry median Dividend Payout Ratio is 0.27. Royal Gold's value of 0.18 is 33.3% below this industry median. Based on the distribution chart, Royal Gold ranks #122 out of 301 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Royal Gold has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's Dividend Payout Ratio compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #122 out of 301 companies for Dividend Payout Ratio. This puts Royal Gold in the upper half of its industry. The industry median Dividend Payout Ratio is 0.27. Royal Gold's value of 0.18 is 33.3% below this benchmark. Historically, Royal Gold's own Dividend Payout Ratio has ranged from 0.22 to 0.69 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.27, Royal Gold has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Metals & Mining company?
The median Dividend Payout Ratio among Metals & Mining companies is 0.27, based on 301 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Gold's current Dividend Payout Ratio of 0.18 is 33.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Royal Gold and its competitors. For the Metals & Mining industry, the median Dividend Payout Ratio is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current Dividend Payout Ratio is 0.18, which is 57% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Gold stock overvalued right now?
Based on GuruFocus' analysis, Royal Gold (FRA:RG3) is currently considered Modestly Undervalued. The stock's GF Value™ is €237.63, compared to a current price of €178.80 — trading 24.8% below its estimated fair value. The current Dividend Payout Ratio is 0.18, which is 57% below median its 10-year median of 0.42 and 33.3% below the Metals & Mining industry median of 0.27. Royal Gold's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current Dividend Payout Ratio is 0.18 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Royal Gold (FRA:RG3) Overvalued in 2026?

Based on GuruFocus' analysis, Royal Gold stock appears to be undervalued. The current stock price of €178.80 is trading 24.8% below its estimated GF Value™ of €237.63. GuruFocus considers Royal Gold to be Modestly Undervalued.

Key valuation signals for FRA:RG3:

  • Dividend Payout Ratio: 0.18 (57% below median its 10-year median of 0.42)
  • GF Value™: €237.63 vs. price of €178.80 (24.8% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 33.3% below the Metals & Mining median (#122 of 301)

No single metric tells the full story. See the FRA:RG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Royal Gold Business Description

Address 1144 15th Street, Suite 2500, Denver, CO, USA, 80202
Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold. The company purchases a percentage of the metal produced from a mineral property for an initial payment without assuming responsibility for mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine in exchange for an upfront deposit payment. Generally, Royal Gold does not work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
91GF Score

Get the complete analysis for FRA:RG3

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€178.80
Price
€237.63
GF Value