SCULLY ROYALTY LTD. DECLARES CASH DIVIDEND

Rhea-AI Summary

Scully Royalty Ltd. (NYSE: SRL) has declared a cash dividend of C$0.25 (US$0.18) per common share, payable on March 4, 2022. Shareholders of record as of February 21, 2022 will receive this dividend, which follows the company’s new cash dividend policy aimed at enhancing shareholder value. The decision was influenced by fourth-quarter royalty payments totaling approximately C$7.3 million on 807,601 tonnes shipped, before a 20% mining tax. Future dividends will depend on financial performance and royalty payments.

Positive

• Declaration of cash dividend of C$0.25 (US$0.18) enhances shareholder value.
• Strong fourth-quarter royalty payments of C$7.3 million indicate solid financial performance.

Negative

• None.

HONG KONG, Feb. 9, 2022 /PRNewswire/ -- Scully Royalty Ltd. (the "Company") (NYSE: SRL) is pleased to announce that its board of directors has declared a cash dividend of C$0.25 (US$0.18) per common share pursuant to its recently announced cash dividend policy.  As previously announced, the cash dividend policy was implemented in connection with the Company's focus on enhancing shareholder value and maximizing earnings and dividends to its shareholders based upon its iron ore royalty.

The Company is pleased to announce the following details with respect to the first cash dividend of 2022:

• The dividend of C$0.25 (US$0.18) per common share will be paid in US dollars on March 4, 2022 to shareholders of record on February 21, 2022. 
  
  
• The ex-dividend date will be February 18, 2022. In setting the amount of the dividend, the Company took into account gross fourth quarter royalty payments of approximately C$7.3 million on 807,601 tonnes shipped, before the application of a 20% mining tax, and the Company's general and administrative expenses for the period.

The declaration, timing and payment of future dividends will depend on, among other things, royalty payments received, the Company's financial condition and operating results.

View original content:https://www.prnewswire.com/news-releases/scully-royalty-ltd-declares-cash-dividend-301479145.html

SOURCE Scully Royalty Ltd.

FAQ

What is the dividend amount declared by SRL?

Scully Royalty Ltd. declared a dividend of C$0.25 (US$0.18) per common share.

When will the dividend be paid to shareholders of SRL?

The dividend will be paid on March 4, 2022.

What is the record date for SRL's dividend?

The record date for the dividend is February 21, 2022.

What factors will affect future dividends for SRL?

Future dividends will depend on royalty payments received and the company's financial condition and operating results.

What is the ex-dividend date for the dividend declared by SRL?

The ex-dividend date is February 18, 2022.