RE Royalties Declares 2024 Fourth Quarter Shareholders Dividend Payment: A Steady Stream of Income

RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) has declared its fourth quarter dividend of $0.01 per share for Q4 2024, payable on February 19, 2025, to shareholders of record on January 29, 2025. This marks the company's 24th consecutive quarterly dividend, with total dividends for fiscal 2024 amounting to $0.04 per common share. The company completed three separate investments with existing and repeat clients during the past quarter, which is expected to enhance revenues, income, and cash flow.

The company's strong cash position, with $18,442,078 in cash and cash equivalents as of September 30, 2024, ensures that it can continue to pay these dividends to shareholders. This cash position also enables the company to invest in new projects and opportunities, such as the Abraxas Loan and the SolarBank BESS projects, which were announced in November 2024. These investments are expected to generate revenue and income for the Company in the future.



RE Royalties' dividend yield is currently 8.51%, calculated by dividing the annual dividend of CA$0.04 per share by the current share price. This high yield is a testament to the company's strong financial performance and its commitment to returning value to shareholders.



In conclusion, RE Royalties Ltd.'s declaration of the 2024 fourth quarter shareholders dividend payment is a reflection of the company's strong financial performance and commitment to returning value to shareholders. The company's cash position and high dividend yield make it an attractive investment option for income-oriented investors. As the company continues to invest in new projects and opportunities, it is well-positioned to generate revenue and income for the future.