Alaris Royalty Corp ALARF

Industrials Conglomerates

"Alaris Royalty Corp is engaged in investing in operating entities. Its operations consist primarily of investments in private operating entities, typically in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, loans receivable, or long-term license and royalty arrangements."

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Alaris Royalty Corp > Big jump today!

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Comment by constructionsiteon Jun 05, 2020 11:12am

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Post# 31116491

RE:Big jump today!

Likely big contributor to the SP is the anticipation of the big dividend announcement this month. Still yielding over 9% (after the reduction and recent price run-up) and management has appeared committed to keeping it going...

From NR:

"The Corporation also announced during the quarter that following the payment of the March monthly dividend, future dividends will be paid on a quarterly with the first quarterly dividend to be declared in June 2020, payable July 15, 2020;

[...] $1.16 annually and $0.29 per quarter (from $1.65 annually and $0.4125 per quarter). This reduction will come into effect with the Q2 dividend to be declared in June 2020"