Diversified Royalty Corp.’s dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada).
Dividend per Share
Period: Jan 2021
Record Date: Jan 15, 2021
Payment Date: Jan 29, 2021
Dividend per Share: $0.01667
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.
On January 6, 2021, effective with the January 2021 monthly dividend, the Board approved the reinstatement of the DRIP. Eligible shareholders who were previously enrolled in the DRIP at the time of suspension, and remained enrolled in the DRIP, will automatically resume participation in the DRIP.