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 July, August and September on its common shares for the upcoming quarter (subject to any applicable tax withholding obligations).
Brett Heath, Metalla's president and chief executive officer, commented: "As of market close June 1, 2018, at a price of 82 cents, our annual dividend yield is approximately 2.2 per cent, making Metalla one of the highest-yielding precious metal royalty and streaming companies. We expect to pay out over $1-million 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 attached sets out the monthly record and payment dates for shareholders of record. The company plans to expand its dividend over the course of 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 give shareholders a link to gold and silver prices and performance of the company's royalties and streams.
DIVIDEND SCHEDULE Month Record date Payment datePayment amountJune June 1, 2018June 15, 2018 $0.0015July July 3, 2018July 16, 2018 $0.0015AugustAug. 1,2018Aug. 15, 2018 $0.0015September Sept. 4, 2018 Sept. 17, 2018 $0.0015
All dividends in the attached 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 planonce it reaches certain requirements to efficiently provide the DRIP to all of its shareholders.
About Metalla Royalty and Streaming Ltd.
Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with leveraged precious metal exposure through a diversified portfolio of royalties and streams.
We seek Safe Harbor.
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