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Bullboard - Stock Discussion Forum Maple Leaf Royalties Corp. V.MPL.P

TSXV:MPL.P - Post Discussion

Maple Leaf Royalties Corp. > Just off theWire !! Pay day !
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Post by freedom-1970 on Jul 02, 2015 9:39pm

Just off theWire !! Pay day !

CALGARY, ALBERTA--(Marketwired - July 2, 2015) - Maple Leaf Royalties Corp. (TSX VENTURE:MPL) ("Maple Leaf") has declared an inaugural quarterly dividend of 0.3 cents per common share, payable in cash on July 31, 2015, to shareholders of record on July 15, 2015, with an ex-dividend date of July 13, 2015. This dividend has been designated as an eligible dividend for Canadian income tax purposes.

About Maple Leaf Royalties Corp.

Maple Leaf Royalties Corp. is focused on oil and gas royalty interests in Canada. The company owns royalties on oil and gas production with its current asset base concentrated in west central Alberta and including a mixture of oil, natural gas, and natural gas liquids from numerous producing wells. Royalty interests offer unique investment characteristics including revenue that is directly correlated with oil and gas prices, but with minimal exposure to capital and operating costs and no exposure to abandonment and reclamation costs. Maple Leaf intends to grow and diversify its royalty portfolio through the acquisition of additional royalty interests.


Read more at https://www.stockhouse.com/news/press-releases/2015/07/02/maple-leaf-royalties-corp-announces-inaugural-dividend#pXd6sdDfkEVvp38g.99
Comment by freedom-1970 on Jul 02, 2015 10:17pm
I would think Dan has another deal or 2 lined up this summer, with many oil companies in need of cash to drill ,the choices will be endless. Our payout is way below 50 % giving him  lots of cash flow to fund the next deal.
Comment by Infirstmoney on Jul 02, 2015 11:06pm
Yes, agreed. This is a great time to keep adding quality royalties on the cheap. Franco Nevada does this the best, that is why they make money at all times.
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