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Bullboard - Stock Discussion Forum Gold Royalty Corp GROY

Alternate Symbol(s):  GROY.WS

Gold Royalty Corp. is a Canada-based gold-focused royalty company offering financing solutions to the metals and mining industry. The Company acquires royalties, streams and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium and longer-term returns for its investors. Its diversified portfolio consists primarily of net smelter return royalties... see more

NYSEAM:GROY - Post Discussion

Gold Royalty Corp > I wonder when GROY will start to pay Royalties.
View:
Post by StillWatching on Jan 20, 2022 10:19am

I wonder when GROY will start to pay Royalties.

I wonder if anyone will post such news on this site when it happens.

Or has has it already been announced? 

VANCOUVER, BCJan. 18, 2022 /CNW/ - Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that its board of directors has approved the initiation of a quarterly dividend program and declared an inaugural quarterly cash dividend of US$0.01 per common share. The dividend will be paid on March 31, 2022 to shareholders of record as of the close of business on March 15, 2022.

"The announcement of our inaugural dividend represents a key milestone for Gold Royalty, providing our shareholders with a competitive yield, and is a natural consequence of the rapid growth we have experienced since our IPO in March 2021. Our balanced portfolio has grown from an initial portfolio of 17 to over 190 royalties, including six on producing mines with a further seven on mines in development. The scale and quality of our assets, which are heavily weighted in the tier one mining jurisdictions of Quebec and Nevada, underscore what we believe is a peer-leading growth profile over the next several years. This outstanding portfolio has the potential to support growth in dividends in the future," stated David Garofalo, the Company's Chairman, President and Chief Executive Officer.

Comment by braindeadoldguy on Jan 20, 2022 10:31am
This post has been removed in accordance with Community Policy
Comment by blueray on Jan 20, 2022 11:56pm
there was a quebec pension fund that had a good size position in Abitibi and were use to a dividend and they got what they wanted. this is the highest dividend by a jr gold miner paying 7% dividend right now in good old Nevada Fortitude Gold I wish I owned more