Le Lézard
Classified in: Business
Subject: DIV

Alaris Royalty Corp. Declares September Dividend


CALGARY, Sept. 18, 2019 /CNW/ - Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX: AD) announces that the Board of Directors of the Corporation has declared a dividend of $0.1375 per common share for the month of September 2019, representing $1.65 per share on an annualized basis.  The dividend is payable on October 15, 2019 to shareholders of record on September 30, 2019.  The ex-dividend date is September 27, 2019.

Alaris Royalty Corp. (CNW Group/Alaris Royalty Corp.)

This dividend is designated by the Corporation to be an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation.  An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

About Alaris:

The Corporation provides alternative financing for a diversified group of private businesses ("Private Company Partners") in exchange for royalties or distributions from the Private Company Partners, with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders.  Distributions from the Private Company Partners are adjusted each year based on the percentage change of a "top line" financial performance measure such as gross margin and same-store sales and rank in priority to the owners' common equity position.

SOURCE Alaris Royalty Corp.

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News published on 18 september 2019 at 19:12 and distributed by: