25 Years and Counting
Royal Gold, ticker RGLD, has raised its dividend for 25 consecutive years, and that streak is one of the quietest arguments for the royalty model. A dividend record that long requires stable, recurring cash flow, which is exactly what a royalty company is built to produce. You do not fund 25 straight years of increases out of a boom-and-bust cost structure.
Porter Stansberry’s Royalty Riches leans on this durability. The pitch is that royalty owners do not need to be lucky every year; they just need their operators to keep producing.
The Profit-Per-Employee Story
The headline claim attached to Royal Gold is that it is among the most profitable companies per employee in the world. The promo cites something near $15 million in profit per employee. The company runs with just 39 people and reported $466 million last year, so the math is striking even if the precise per-employee figure comes out closer to $12 million on net income.
Either way, the point stands: Royal Gold collects royalties across a portfolio of mines with almost no headcount, and one of its early stakes became Nevada’s Cortez mine. That is the capital-light model made concrete. Our Royal Gold stock breakdown details the full investment case.
What to Watch
The dividend is real, but the yield is not the headline: this is a growth-oriented royalty name, not a high-yield income trust. The stock trades near 30 times trailing cash flow, so you are paying for the model. And like its peers, Royal Gold has pulled back since the April tease. We compare it to the rest of the group in our gold royalty stocks guide.
Ready to see the research? Click here to access Porter Stansberry’s report.
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