METALLA (OTCMKT:MTAFF) Declares a Cash Dividend
$MTAFF, $MTA, $GLD, $SLV
Metalla Royalty & Streaming Ltd. (TSXV:MTA) (OTCQX:MTAFF) (FRANKFURT:X9CP) announced that its Board of Directors approved and declared a monthly cash dividend payment of CAD $0.0015 per share for July, August, and September 2018 on its common shares for Q-3 + subject to any tax withholding obligations that may apply.
Metalla’s President & CEO Brett Heath declared, “As of market close June 1, 2018 at a price of CAD$0.82, our annual dividend yield is approximately 2.2%, making Metalla 1 of the highest yielding precious metal royalty and streaming companies. We expect to pay out over $1-M this year in dividends while the company grows through accretive acquisitions. This gives our investors a direct link to Gold and Silver prices in addition to capital appreciation tied to our impressive growth track record.”
The table below sets out the monthly record and payment dates for shareholders of record.
HeffX-LTN has learned that Metalla plans to expand its dividend over the course of the year targeting a payout ratio up to 50% of its operating cash flow after taxes and G&A. The dividend should give shareholders a link to Gold and Silver prices and performance of the Company’s royalties and streams.
The Dividend Schedule for Q-3 Y 2018, as follows:
Record Date Payment Date Payment Amount ($CAD)
June: June 1, 2018 June 15, 2018 $0.0015
July: July 3, 2018 July 16, 2018 $0.0015
August: August 1,2018 August 15, 2018 $0.0015
September: September 4, 2018 September 17, 2018 $0.0015
All dividends in the above table are Eligible Dividends pursuant to the Income Tax Act of Canada.
In the future, and assuming compliance with all applicable securities laws, the Company plans to offer a Dividend Reinvestment Plan (“DRIP”) once it reaches certain requirements to efficiently provide the DRIP to all of its shareholders.
Metalla Royalty & Streaming is a precious metals royalty and streaming company that provides its shareholders with precious metal exposure through a diversified portfolio of royalties and streams.
The company’s strong foundation of current and future cash-generating asset base, combined with an experienced savvy management team puts Metalla on the path to become 1 of the leading precious metal royalty and streaming companies for the next commodities cycle.
|HeffX-LTN Analysis for MTAFF & MTA:||Overall||Short||Intermediate||Long|
|Neutral (0.17)||Neutral (0.02)||Bullish (0.27)||Neutral (0.21)|
For more information, please visit the company website at www.metallaroyalty.com
Metalla Royalty & Streaming Ltd.
Brett Heath, President & CEO
e-Mail: [email protected]