Maple Leaf Royalties Corp. V.MPL.P

Dividend in July ..

[freedom-1970]

Dividend Policy

With the recent completion of the company's third significant acquisition of royalty interests as announced April 1, 2015, Maple Leaf's board of directors has approved the commencement of the payment of dividends through a dividend policy whereby an initial cash dividend will be paid in July 2015. Given recent market volatility, the precise timing and amount of the dividend will be announced at a later date. The dividend policy includes a relatively conservative payout ratio, with the intent of retaining a portion of cash flow within the company in order to help fund its growth by acquisition strategy.

"This latest acquisition is a top-tier royalty interest on a sizeable oil pool with a sub-10% annual decline rate and the potential for further future development," commented Maple Leaf CEO Dan Gundersen. "We view the current market environment as very positive for further accretive acquisitions, and look forward to fully implementing a dividend in early summer."

 

Read more at https://www.stockhouse.com/news/press-releases/2015/04/14/maple-leaf-royalties-corp-announces-royalty-acquisition-and-approval-of#WKbK5C37lCqrIvB1.99

[oilandgasboom]

This is a mojor reason for the support at 25 cents. Once the divi is confirmed to the market in the next few days this will see a nice pop. This is going to be a long term growth story.