Dividend Information 2020
Diversified Royalty Corp.’s dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada).
Dividend Payments
Period
Record Date
Payment Date
Dividend per Share
Dec 2020
Dec 15, 2020
Dec 31, 2020
Dividend per Share: $0.01667
Nov 2020
Nov 13, 2020
Nov 30, 2020
Dividend per Share: $0.01667
Oct 2020
Oct 15, 2020
Oct 30, 2020
Dividend per Share: $0.01667
Period: Sep 2020
Record Date: Sep 15, 2020
Payment Date: Sep 30, 2020
Dividend per Share: $0.01667
Period: Aug 2020
Record Date: Aug 14, 2020
Payment Date: Aug 31, 2020
Dividend per Share: $0.01667
Period: Jul 2020
Record Date: Jul 15, 2020
Payment Date: Jul 31, 2020
Dividend per Share: $0.01667
Period: Jun 2020
Record Date: Jun 15, 2020
Payment Date: Jun 30, 2020
Dividend per Share: $0.01667
Period: May 2020
Record Date: May 15, 2020
Payment Date: May 29, 2020
Dividend per Share: $0.01667
Period: Apr 2020
Record Date: Apr 15, 2020
Payment Date: Apr 30, 2020
Dividend per Share: $0.01667
Period: Mar 2020
Record Date: Mar 16, 2020
Payment Date: Mar 31, 2020
Dividend per Share: $0.01958
Period: Feb 2020
Record Date: Feb 13, 2020
Payment Date: Feb 28, 2020
Dividend per Share: $0.01917
Period: Jan 2020
Record Date: Jan 15, 2020
Payment Date: Jan 31, 2020
Dividend per Share: $0.01917
Dividend Reinvestment Plan
When active, the Dividend Reinvestment Plan (DRIP) allows eligible holders of the Company’s common shares to reinvest some or all cash dividends paid in respect of their common shares in additional common shares of the Company. At the Company’s election, these additional common shares may be issued from treasury or purchased on the open market. If the Company elects to issue common shares from treasury, the common shares will be purchased under the DRIP at a 3% discount to the volume weighted average of the closing price for the common shares on the TSX for the five trading days immediately preceding the relevant dividend payment date. The Company may, from time to time, change or eliminate the discount applicable to common shares issued from treasury.
As announced on March 31, 2020, starting with the April 2020 monthly dividend, the Board approved the temporary suspension of the DRIP until further notice as the Board does not believe it is in the best interests of the Company or its shareholders to issue shares at current prices.