Osisko Declares First Quarter 2025 Dividend: A Beacon of Stability in an Uncertain Market

As the market continues to grapple with uncertainty and volatility, Osisko Gold Royalties Ltd (OR: TSX & NYSE) has emerged as a beacon of stability and consistency. The company recently announced its consolidated financial results for the year 2024, showcasing record revenues, cash flows, and net earnings. In addition to these impressive financials, Osisko has declared its first quarter 2025 dividend, further solidifying its commitment to returning capital to shareholders.



Osisko's dividend history is a testament to its financial strength and commitment to shareholders. The company has consistently paid quarterly dividends since 2016, with the dividend amount remaining relatively stable over time. The dividend has been consistently around $0.05 per share since 2016, with a slight increase to $0.06 per share in 2024. This consistency indicates that Osisko Gold Royalties is committed to returning capital to shareholders and maintaining a stable dividend payout.



Osisko's recent acquisitions and amendments have played a significant role in its financial performance and dividend sustainability. The company has made several strategic investments in 2024, totaling over $287.7 million across three new transactions. These include:

1. Execution of a definitive agreement by Osisko Bermuda Limited for a 6% gold stream on SolGold plc’s Cascabel copper-gold development project in Ecuador for a total of $225.0 million, payable upon achieving certain milestones.
2. Acquisition of a 1.8% gross revenue royalty (“GRR”) from Tembo Capital Mining Fund II (“Tembo”) on Spartan Resources Limited’s Dalgaranga Gold project (“Dalgaranga”) in Western Australia and a 1.35% GRR on additional regional exploration licenses in proximity to Dalgaranga from Tembo for combined consideration of $50.0 million.
3. Amendment to the Gibraltar silver stream, increasing Osisko’s attributable silver percentage by 12.5% to 100% and extending the step-down delivery threshold to 6.8 million ounces delivered for consideration of $12.7 million.

These acquisitions and amendments have contributed to Osisko's record revenues and cash margins, as well as its strong financial position with a cash balance of $59.1 million and debt outstanding of $93.9 million as at December 31, 2024. Additionally, Osisko has declared quarterly dividends totaling C$0.255 per common share in 2024, an increase from C$0.235 per common share in 2023.



Osisko's dividend policy compares favorably to other mining companies in the industry. The company has a dividend yield of 0.95% and paid $0.18 per share in the past year. The dividend is paid every three months, with the last ex-dividend date being Dec 31, 2024. This dividend policy is relatively stable and consistent compared to other mining companies in the industry. For instance, Agnico Eagle Mines Limited, a gold mining company, has a dividend yield of 1.24% and pays a quarterly dividend of $0.25 per share. Similarly, Barrick Gold Corporation has a dividend yield of 1.17% and pays a quarterly dividend of $0.14 per share. However, Osisko's dividend yield is lower than these two companies, indicating a more conservative approach to dividend distribution. Additionally, Osisko's dividend policy is more stable, with consistent quarterly payments, compared to other mining companies that may have more variable dividend payments based on their operational performance.



In conclusion, Osisko Gold Royalties Ltd has demonstrated its commitment to shareholders through consistent dividend payments and a stable dividend policy. The company's recent acquisitions and amendments have contributed to its strong financial performance and dividend sustainability. Osisko's dividend policy compares favorably to other mining companies in the industry, making it an attractive option for income-oriented investors seeking a stable and consistent dividend payout. As the market continues to grapple with uncertainty and volatility, Osisko Gold Royalties Ltd stands as a beacon of stability and consistency, providing investors with a reliable source of income and capital appreciation.