Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
MONTREAL - Osisko Gold Royalties Ltd (OR: TSX & NYSE) has announced a 20% increase in its quarterly dividend, with US$0.055 per common share to be paid on July 15, 2025, to shareholders of record as of June 30, 2025. This decision by the Board of Directors reflects an uptick from the previous dividend, based on the exchange rate on the declaration date of the first quarter dividend.
The upcoming dividend is designated as an "eligible dividend" for Canadian tax purposes. Canadian shareholders will receive the Canadian dollar equivalent, determined by the Bank of Canada’s daily rate on June 30, 2025. Osisko also highlighted its dividend reinvestment plan, available to shareholders in Canada and the United States, which allows dividends to be reinvested in additional common shares.
The company, an intermediate precious metals royalty company with a focus on the Americas, holds a portfolio that includes over 195 royalties, streams, and precious metal offtakes. Its cornerstone asset is a 3-5% net smelter return royalty on the Canadian Malartic Complex, one of Canada’s largest gold mines. With a market capitalization of $4.49 billion and an impressive year-to-date return of 34.05%, Osisko has demonstrated strong market performance. InvestingPro analysis indicates the stock is currently trading slightly above its Fair Value, with 14 additional exclusive insights available to subscribers.
Investors should note that participation in the dividend reinvestment plan does not exempt them from taxes on reinvested dividends, and they are advised to consult tax professionals regarding the implications of their participation in the plan.
Osisko’s forward-looking statements in the press release are based on certain material assumptions and involve known and unknown risks, which may cause actual results to differ materially from those expressed or implied. The company’s strong financial position is evidenced by its current ratio of 4.37 and impressive gross profit margin of 96.48%. The company disclaims any obligation to update or revise any forward-looking statements beyond what is required by law, with the exception of new information or future events. For a comprehensive analysis of Osisko’s financial health and future prospects, investors can access the detailed Pro Research Report available on InvestingPro.
This news is based on a press release statement from Osisko Gold Royalties Ltd.
In other recent news, Osisko Gold Royalties Ltd has received endorsements from Institutional Shareholder Services (ISS) and Glass Lewis & Co. for all proposed resolutions at its upcoming Annual and Special Meeting of Shareholders. The meeting is scheduled to take place on May 8, 2025, in Montréal, Québec. Both ISS and Glass Lewis, independent proxy advisory firms, have recommended that shareholders vote in favor of the resolutions set forth by Osisko’s Board of Directors. The board has also unanimously recommended a favorable vote. Shareholders are encouraged to cast their votes by the deadline of May 6, 2025. Osisko’s management emphasizes the importance of shareholder participation in the voting process. Provisions have been made for shareholders to contact the proxy solicitation agent, Laurel Hill Advisory Group, for assistance. This endorsement by ISS and Glass Lewis may influence shareholder decisions leading up to the meeting.
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