REG - Duke Royalty Limited - Increased Interim Dividend & Dividend Declaration

Duke CapitalAnnouncement

17/03/2022 07:00

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RNS Number : 0587F  Duke Royalty Limited  17 March 2022

17 March 2022

 

Duke Royalty Limited

("Duke Royalty", "Duke" or the "Company")

 Increased Interim Dividend and Dividend Declaration

 

Duke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions
to a diversified range of profitable and long-established businesses
in Europe and North America, is pleased to announce that the Board has
approved an interim dividend of 0.70 pence (sterling) per share, a 17%
quarter-on-quarter increase of 0.10 pence.

 

This increase, which equates to an annualised dividend of 2.8 pence per share,
reflects the Company's strong trading performance during the financial year to
31 March 2022 driven by a record £45.2 million of deployments during H2 2022
to date.

 

Duke Royalty CEO Neil Johnson said:

 

"We are pleased to be able to continue raising the dividend, enabling our
investors to benefit from the operational leverage in our business model
following a period of record deployments. Normalised monthly cash revenues are
at record levels and, with a largely fixed operating cost base, this is
driving both a material increase in our operating margin and historically low
payout ratios. The deal pipeline remains robust, and I look forward to
updating the market with news of further deployments in due course."

 

The ex-dividend date is 24 March 2022, the record date is 25 March 2022 and
the payment date is 12 April 2022.

 

***ENDS***

 

For further information, please visit www.dukeroyalty.com
(http://www.dukeroyalty.com/) , or contact:

 

 Duke Royalty Limited     Neil Johnson / Charlie Cannon Brookes / Hugo Evans               +44 (0) 1481 730 613

 Cenkos Securities plc    Stephen Keys / Callum Davidson / Julian Morse / Michael Johnson  +44 (0) 207 397 8900

 (Nominated Adviser

 and Joint Broker)

 Canaccord Genuity        Adam James / Georgina McCooke                                    +44 (0) 207 523 8000

 (Joint Broker)

 SEC Newgate (PR)         Elisabeth Cowell / Richard Bicknell / Max Richardson             + +44 (0) 20 3757 6880 dukeroyalty@secnewgate.co.uk

 

 

About Duke Royalty

 

Duke Royalty Limited provides alternative capital solutions to a diversified
range of profitable and long-established businesses in Europe and
abroad. Duke Royalty's experienced team provide financing solutions to
private companies that are in need of capital but whose owners wish to
maintain equity control of their business. Duke Royalty's royalty
investments are intended to provide robust, stable, long term returns to its
shareholders. Duke Royalty is listed on the AIM market under the ticker DUKE
and is headquartered in Guernsey.

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