RE Royalties Declares 2023 First Quarter Shareholders Dividend Payment
https://www.accesswire.com/748…eholders-Dividend-Payment
VANCOUVER, BC / ACCESSWIRE / April 13, 2023 / RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) ("RE Royalties" or the "Company") is pleased to announce that the Board of Directors of the Company has declared a cash distribution of $0.01 per issued and outstanding common share for the first quarter ending March 31, 2023.
The distribution is payable on May 24, 2023, to shareholders of record on May 3, 2023. The distribution is designated by the Company to be a dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation.
The cumulative amount of dividends declared for the 2023 fiscal year has been $0.01 per common share.
Bernard Tan, CEO of the Company, commented, "We are pleased to share that our business revenues and cash flow have followed an increasing trend in recent quarters, and we can provide our shareholders with another dividend. Demand for our unique royalty financing solutions have grown, and we are working to expand our portfolio in the coming quarters."