RE Royalties Ltd., a leading renewable energy royalty company, has announced the declaration of a cash distribution for the second quarter of 2024. The Board of Directors has approved a dividend of $0.01 per issued and outstanding common share, payable on August 21, 2024, to shareholders of record on July 31, 2024.
This dividend marks the continuation of RE Royalties’ commitment to providing value to its shareholders. With a cumulative amount of $0.02 per common share declared for the 2024 fiscal year, the company aims to reward investors while maintaining a strong growth outlook.
Bernard Tan, CEO of RE Royalties, expressed his satisfaction with the dividend announcement, stating, “We are pleased to provide our shareholders with another dividend. Our team continues to work through several near-term opportunities, and we remain confident in our growth outlook. Continuing this track record is consistent with our objective of expanding our portfolio and increasing our revenues and income, and dividends for our investors.”
RE Royalties specializes in acquiring revenue-based royalties over renewable energy facilities and technologies. The company offers non-dilutive financing solutions to both privately held and publicly traded companies in the renewable energy sector. As the first company to apply this business model to the renewable energy industry, RE Royalties currently owns over 100 royalties on solar, wind, hydro, battery storage, energy efficiency, and renewable natural gas projects across North America, Mexico, and Europe.
With a focus on providing shareholders with a strong growing yield, robust capital protection, high rate of growth through reinvestment, and a sustainable investment focus, RE Royalties is dedicated to contributing to the advancement of the renewable energy sector.
For further information about RE Royalties Ltd. and its operations, please contact Talia Beckett, VP of Communications and Sustainability, at (778) 374-2000 or via email at taliabeckett@reroyalties.com. More details can also be found on the company’s website at www.reroyalties.com.