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Duke Royalty Limited   -  DUKE   

Dividend Declaration & Trading Update

Released 07:01 11-Mar-2020

RNS Number : 6932F
Duke Royalty Limited
11 March 2020
 

11 March 2020

 

Duke Royalty Limited

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

 

Dividend Declaration & Trading Update

 

Duke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, is pleased to announce that the Board has approved an interim dividend of 0.75 pence (sterling) per share with the ex-dividend date being 26 March 2020, the record date being 27 March 2020 and a payment date of 14 April 2020.

 

In light of the market turbulence that has been affecting all public companies recently, the Company would like to reaffirm to shareholders that it believes that the cashflow generated from its royalty and loan portfolio for the financial year ending 31 March 2020 will be in line with market expectations and hence, it has confidence to maintain its quarterly dividend payment.  

 

Duke notes that its business model allows it to cope with challenging macroeconomic events due to the Company's consistently low operating costs versus its monthly cash flows and high operational leverage.   A more detailed trading update will be released in April following the end of the Company's financial year.

 

***ENDS***

 

For further information, please contact www.dukeroyalty.com, or contact:

 

Duke Royalty Limited

Neil Johnson / Hugo Evans / Charlie Cannon Brookes

 

+44 (0) 1481 741 240

Cenkos Securities plc 

(Nominated Adviser and Broker)

 

Julian Morse / Michael Johnson / Stephen Keys / Callum Davidson

+44 (0) 207 397 8900

Newgate Communications (PR)

Elisabeth Cowell/ Ian Silvera/ Megan Kovach

+44 (0) 20 3757 6882

 

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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Dividend Declaration & Trading Update - RNS