SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND

SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND

Not for distribution to U.S. news wire services or dissemination in the U.S.

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR ), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.006 per common share, payable in cash on April 15, 2024 to shareholders of record on March 29, 2024 .

This dividend is designated as an "eligible dividend" for Canadian income tax purposes.

About Source Rock Royalties Ltd.

Source Rock is a pure-play oil and gas royalty company with an existing portfolio of oil royalties in southeast Saskatchewan , central Alberta and west-central Saskatchewan . Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

SOURCE Source Rock Royalties Ltd.

Cision View original content: http://www.newswire.ca/en/releases/archive/March2024/14/c2736.html

News Provided by Canada Newswire via QuoteMedia

SRR:CC
Source Rock Royalties

Source Rock Royalties Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
SOURCE ROCK ROYALTIES ANNOUNCES INCREASED MONTHLY DIVIDEND

SOURCE ROCK ROYALTIES ANNOUNCES INCREASED MONTHLY DIVIDEND

/Not for distribution to U.S. news wire services or dissemination in the U.S./

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on May 15, 2024 to shareholders of record on April 30, 2024 . This represents an increase of 8% to the monthly dividend. Source Rock has now increased its monthly dividend by 30% since March 2023 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
SOURCE ROCK ROYALTIES ANNOUNCES RECORD ANNUAL ROYALTY PRODUCTION & REVENUE

SOURCE ROCK ROYALTIES ANNOUNCES RECORD ANNUAL ROYALTY PRODUCTION & REVENUE

/Not for distribution to U.S. news wire services or dissemination in the U.S./

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces unaudited operational and financial highlights for fiscal 2023 and the fourth quarter of 2023 ("Q4 2023"). Annual royalty production and revenue were the highest results in Source Rock's 11-year history.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
SOURCE ROCK ROYALTIES RECOGNIZED AS A TOP 50 TSX VENTURE EXCHANGE COMPANY

SOURCE ROCK ROYALTIES RECOGNIZED AS A TOP 50 TSX VENTURE EXCHANGE COMPANY

/Not for distribution to U.S. news wire services or dissemination in the U.S./

 Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that it has been recognized by the TSX Venture Exchange (the "TSXV") as a 2024 Top 50 company. The TSX Venture 50 showcases the strongest performance on the TSXV over the last year. Comprised of 10 companies from five industry sectors, the ranking is based on market capitalization growth, share price appreciation and trading volume. More details can be found at: www.tsx.comVenture50 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Oil barrel and stock chart overlayed on map.

Is Now a Good Time to Invest in Oil Stocks?

Investing in oil stocks can be a lucrative endeavor, but determining the right time to enter a sector known for volatile swings can be tricky.

Over the past five years, the oil market’s inherent volatility has been on clear display. Major declines in consumption brought on by the COVID-19 lockdowns was followed by oil prices surging to US$120 per barrel in mid-2022, as the world economy began to recover and Russia’s invasion of Ukraine led to the consequent sanctions on Russian oil.

However, in the first half of 2023, fears of a global recession gave rise to bearish sentiment over much of the oil sector and pushed prices as low as US$67 during the period. Despite a spike above the US$91 level in Q3, oil prices trended downward in Q4 to dip below the US$70 mark even with conflict escalating in the Middle East.

Keep reading...Show less
BPH Energy (ASX:BPH)

BPH Energy


Keep reading...Show less
Elixir Energy

Impressive Initial Flow Test Results

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to provide an operations update on its 100% owned Grandis project located in Queensland, adjacent to the Wallumbilla gas hub.

Keep reading...Show less
Helium Evolution (TSXV:HEVI)

Helium Evolution


Keep reading...Show less
Elixir Energy

Elixir Energy Limited (ASX: EXR) – Trading Halt

Description

The securities of Elixir Energy Limited (‘EXR’) will be placed in trading halt at the request of EXR, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 8 April 2024 or when the announcement is released to the market.

Keep reading...Show less
Source Rock Royalties

Source Rock Royalties Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×