GREY:ALARF - Post by User
Post by
a4shahon Dec 18, 2012 9:50am
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Post# 20744615
Excellent Moves by AD
Excellent Moves by AD AD just announced a bought deal @ $22 and also new partnerships. Over the past month they have announced around $6M in additional annual royalties that they will be receiving. They had royalties of about $35M before these deals. So this is a significant increase.
They already increased the dividend from $1.20 to $1.26 after about $3M increased royalties in early Nov. Today they have announced another $3M increase to royalties. So there is potential for more dividend increases in the future and capital for more deals.