Duke Royalty Limited Increased Interim Dividend & Dividend Declaration (0587F)
17 Março 2022 - 4:00AM
UK Regulatory
TIDMDUKE
RNS Number : 0587F
Duke Royalty Limited
17 March 2022
17 March 2022
Duke Royalty Limited
("Duke Royalty", "Duke" or the "Company")
Increased Interim Dividend and Dividend Declaration
Duke Royalty Limited (AIM: DUKE), a provider of alternative
capital solutions to a diversified range of profitable and
long-established businesses in Europe and North America, is pleased
to announce that the Board has approved an interim dividend of 0.70
pence (sterling) per share, a 17% quarter-on-quarter increase of
0.10 pence.
This increase, which equates to an annualised dividend of 2.8
pence per share, reflects the Company's strong trading performance
during the financial year to 31 March 2022 driven by a record
GBP45.2 million of deployments during H2 2022 to date.
Duke Royalty CEO Neil Johnson said:
" We are pleased to be able to continue raising the dividend,
enabling our investors to benefit from the operational leverage in
our business model following a period of record deployments.
Normalised monthly cash revenues are at record levels and, with a
largely fixed operating cost base, this is driving both a material
increase in our operating margin and historically low payout
ratios. The deal pipeline remains robust, and I look forward to
updating the market with news of further deployments in due
course."
The ex-dividend date is 24 March 2022, the record date is 25
March 2022 and the payment date is 12 April 2022.
***ENDS***
For further information, please visit www.dukeroyalty.com , or
contact:
Neil Johnson / Charlie
Cannon Brookes / Hugo
Duke Royalty Limited Evans +44 (0) 1481 730 613
Cenkos Securities
plc Stephen Keys / Callum
(Nominated Adviser Davidson / Julian Morse
and Joint Broker) / Michael Johnson +44 (0) 207 397 8900
Canaccord Genuity Adam James / Georgina
(Joint Broker) McCooke +44 (0) 207 523 8000
SEC Newgate (PR) Elisabeth Cowell / Richard + +44 (0) 20 3757 6880
Bicknell / Max Richardson dukeroyalty@secnewgate.co.uk
About Duke Royalty
Duke Royalty Limited provides alternative capital solutions to a
diversified range of profitable and long-established businesses in
Europe and abroad. Duke Royalty's experienced team provide
financing solutions to private companies that are in need of
capital but whose owners wish to maintain equity control of their
business. Duke Royalty's royalty investments are intended to
provide robust, stable, long term returns to its shareholders. Duke
Royalty is listed on the AIM market under the ticker DUKE and is
headquartered in Guernsey.
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END
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March 17, 2022 03:00 ET (07:00 GMT)
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