Dividend Information 2022
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
May 2022
May 13, 2022
May 31, 2022
Dividend per Share: $0.01833
Apr 2022
Apr 14, 2022
Apr 29, 2022
Dividend per Share: $0.01833
Mar 2022
Mar 15, 2022
Mar 31, 2022
Dividend per Share: $0.01833
Feb 2022
Feb 15, 2022
Feb 28, 2022
Dividend per Share: $0.01833
Jan 2022
Jan 14, 2022
Jan 31, 2022
Dividend per Share: $0.01833
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.