Dividends

Abitibi Royalties’ Board of Directors has approved, effective April 2020, a 25% dividend increase to the Company’s outstanding common shares from CDN$0.12 to CDN$0.15 per common share on an annualized basis. The frequency of the payment of dividends will be changed from quarterly to monthly, also effective April 2020. Abitibi Royalties’ initial cash dividend commenced in September, 2019. 

Pursuant to tax legislation, Canadian resident individuals who receive “eligible dividends” are entitled to an enhanced gross-up and dividend tax credit on such dividends. All dividends paid by Abitibi Royalties are “eligible dividends” for tax purposes unless indicated otherwise.

Dividend Summary

Q1-Q2 2020 Dividend Schedule

RECORD DATE PAYABLE DATE AMOUNT

March 6, 2020

March 30, 2020

$0.03 (quarterly payment)

April 6, 2020

April 30, 2020

$0.0125 (monthly payment)

May 6, 2020

May 29, 2020

$0.0125 (monthly payment)

June 5, 2020

June 30, 2020

$0.0125 (monthly payment)


2019 Dividend History

RECORD DATE PAYABLE DATE AMOUNT
12/09/2019 12/30/2019 $0.03/share
09/09/2019 09/30/2019 $0.03/share