Mr. Brett Heath reports
METALLA DECLARES MONTHLY DIVIDEND
Metalla Royalty and Streaming Ltd.'s board of directors has approved and declared a monthly cash dividend payment of 0.15 cent per share for February, March, April and May, 2019, on its common shares (subject to any applicable tax withholding obligations).
The attached table sets out the monthly record and payment dates for shareholders of record. The company plans to expand its dividend throughout the year targeting a payout ratio up to 50 per cent of its operating cash flow after taxes and general and administrative expenses. The dividend should provide shareholders with a link to gold and silver prices through the performance of the company's royalties and streams.
Record date Payment date Payment amount
February Feb. 1, 2019 Feb. 15, 2019 $0.0015
March March 1, 2019 March 15, 2019 $0.0015
April April 1, 2019 April 15, 2019 $0.0015
May May 1, 2019 May 15, 2019 $0.0015
All dividends in the 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 provide the DRIP to all of its shareholders efficiently.
About Metalla Royalty and Streaming Ltd.
Metalla is a precious metals royalty and streaming company. Metalla provides 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 team gives Metalla a path to become one of the leading precious metal royalty and streaming companies for the next commodities cycle.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.