SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND AND COMPLETES 11TH CONSECUTIVE YEAR OF PAYING DIVIDENDS TO SHAREHOLDERS
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./
Source Rock Royalties Ltd. (‘Source Rock’) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on January 15, 2025 to shareholders of record on December 31, 2024 .
Closing out 2024 with another monthly dividend marks the end of Source Rock’s 11 th consecutive year of paying dividends to shareholders. Since Q1 2014, Source Rock has declared $0.64 per share in dividends 1 . Details of Source Rock’s historical dividends can be found at www.sourcerockroyalties.com .
This dividend is designated as an ‘eligible dividend’ for Canadian income tax purposes.
About Source Rock Royalties Ltd.
Source Rock is a pure-play oil and gas royalty company with an existing portfolio of oil royalties in southeast Saskatchewan , central Alberta and west-central Saskatchewan . Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock’s strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
|
1. |
This reflects the per share amount of dividends declared to those common shares outstanding as at Q1 2014. Common shares issued from treasury subsequent to Q1 2014 will have a different associated cumulative dividend per share amount declared. Readers are cautioned that Source Rock’s historical dividends declared is not necessarily indicative of future dividends that will be declared. |
SOURCE Source Rock Royalties Ltd.
View original content: http://www.newswire.ca/en/releases/archive/December2024/16/c0708.html
News Provided by Canada Newswire via QuoteMedia
