HONG
KONG, August 1, 2022 /PRNewswire/ -- Scully
Royalty Ltd. (the "Company") (NYSE: SRL). The Company is pleased to
announce that its board of directors has declared a cash dividend
of C$0.33 (US$
0.26) per common share pursuant to its cash dividend policy,
which 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 third cash dividend of 2022:
- The dividend of C$0.33
(US$0.26) per common share will be
paid in US Dollars on August 26, 2022
to shareholders of record on August 12,
2022. The ex-dividend date will be August 11, 2022
- This payment is based on our second quarter 2022 royalty of
C$5,889,939 on 923,553 tonnes
shipped, which is gross of a provincial 20% mining tax.
The declaration, timing and payment of future dividends will depend
on, among other things, royalty payments received, the Company's
financial and operating results.
Scully Royalty Ltd. Stakeholder Communications
Scully Royalty Ltd. management welcomes any questions you may
have and looks forward to discussing this announcement with
stakeholders. Further:
- stakeholders
are encouraged to read our entire annual report, which includes our
audited financial statements and management's discussion and
analysis, for the year ended December 31,
2021, for a greater understanding of our business and
operations; and
- direct any
questions regarding the information in this news release to our
North American toll-free line at 1 (844) 331 3343 or email
info@scullyroyalty.com to book a conference call with our senior
management.
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SOURCE Scully Royalty Ltd.