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Royal Gold Inc. (NASDAQ:RGLD)(TSX:RGL.TO) reports that its board of directors has increased the company’s annual dividend from $0.44 to $0.60 to be paid on a quarterly basis at $0.15 per share. The dividend is an increase of 36% over the one paid out in 2011. The quarterly dividend will be payable as of January 20, 2012 to shareholders on the close of business on January 6, 2012. Tony Jensen, president and chief executive officer of Royal Gold Inc. says that the company is “pleased to have raised our shareholder dividend for over ten years in a row. This latest increase reflects the Company’s growth in cash flow while balancing other resource needs to create long-term shareholder value and reduce debt.” Royal Gold is a Denver based precious metals royalty company engaged in the acquisition and management of precious metal royalties and similar interests.