Anuncio • May 16
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on June 15, 2026 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on June 15, 2026 to shareholders of record on May 29, 2026. Anuncio • Apr 28
Source Rock Royalties Ltd., Annual General Meeting, Jun 25, 2026 Source Rock Royalties Ltd., Annual General Meeting, Jun 25, 2026. Declared Dividend • Apr 23
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 8.0%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (269% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 199% to bring the payout ratio under control, which is more than the 31% EPS growth achieved over the last 5 years. Reported Earnings • Apr 20
Full year 2025 earnings released: EPS: CA$0.029 (vs CA$0.033 in FY 2024) Full year 2025 results: EPS: CA$0.029 (down from CA$0.033 in FY 2024). Revenue: CA$6.03m (down 22% from FY 2024). Net income: CA$1.32m (down 12% from FY 2024). Profit margin: 22% (up from 19% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Anuncio • Apr 17
Source Rock Royalties Ltd. Announces Monthly Dividend, Payable on May 15, 2026 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on May 15, 2026 to shareholders of record on April 30, 2026. Declared Dividend • Mar 20
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 8.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (235% earnings payout ratio). However, it is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 161% to bring the payout ratio under control, which is more than the 35% EPS growth achieved over the last 5 years. Anuncio • Mar 17
Source Rock Royalties Declares Monthly Dividend, Payable on April 15, 2026 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on April 15, 2026 to shareholders of record on March 31, 2026. Declared Dividend • Feb 22
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 27th February 2026 Payment date: 13th March 2026 Dividend yield will be 8.5%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (235% earnings payout ratio). However, it is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 161% to bring the payout ratio under control, which is more than the 35% EPS growth achieved over the last 5 years. Anuncio • Feb 12
Source Rock Royalties Declares Monthly Cash Dividend, Payable on March 13, 2026 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on March 13, 2026 to shareholders of record on February 27, 2026. Declared Dividend • Jan 19
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 8.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (235% earnings payout ratio). However, it is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 161% to bring the payout ratio under control, which is more than the 35% EPS growth achieved over the last 5 years. Anuncio • Jan 15
Source Rock Royalties Declares Monthly Dividend, Payable on February 13, 2026 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on February 13, 2026 to shareholders of record on January 30, 2026. Declared Dividend • Dec 24
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 8.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (235% earnings payout ratio). However, it is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 161% to bring the payout ratio under control, which is more than the 35% EPS growth achieved over the last 5 years. Anuncio • Dec 16
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on January 15, 2026 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on January 15, 2026 to shareholders of record on December 31, 2025. Reported Earnings • Nov 30
Third quarter 2025 earnings released: EPS: CA$0.01 (vs CA$0.005 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.01 (up from CA$0.005 in 3Q 2024). Revenue: CA$1.50m (down 25% from 3Q 2024). Net income: CA$456.7k (up 84% from 3Q 2024). Profit margin: 31% (up from 13% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • Nov 20
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 8.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (272% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 202% to bring the payout ratio under control, which is more than the 39% EPS growth achieved over the last 5 years. Anuncio • Nov 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on December 15, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on December 15, 2025 to shareholders of record on November 28, 2025. Declared Dividend • Oct 20
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 31st October 2025 Payment date: 14th November 2025 Dividend yield will be 9.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (272% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 202% to bring the payout ratio under control, which is more than the 39% EPS growth achieved over the last 5 years. Anuncio • Oct 16
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on November 14, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on November 14, 2025 to shareholders of record on October 31, 2025. Declared Dividend • Sep 22
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 9.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (272% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 202% to bring the payout ratio under control, which is more than the 39% EPS growth achieved over the last 5 years. Anuncio • Sep 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on October 15, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on October 15, 2025 to shareholders of record on September 30, 2025. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CA$0.004 (vs CA$0.012 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.004 (down from CA$0.012 in 2Q 2024). Revenue: CA$1.53m (down 27% from 2Q 2024). Net income: CA$201.7k (down 62% from 2Q 2024). Profit margin: 13% (down from 25% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Aug 20
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 9.3%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (217% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 141% to bring the payout ratio under control, which is more than the 20% EPS growth achieved over the last 5 years. Anuncio • Aug 16
Source Rock Royalties Declares Monthly Dividend, Payable on September 15, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on September 15, 2025 to shareholders of record on August 29, 2025. Declared Dividend • Jul 23
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 9.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (217% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 141% to bring the payout ratio under control, which is more than the 20% EPS growth achieved over the last 5 years. Anuncio • Jul 16
Source Rock Royalties Announces Monthly Cash Dividend, Payable on August 15, 2025 Source Rock Royalties Ltd. announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on August 15, 2025 to shareholders of record on July 31, 2025. Declared Dividend • Jun 23
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 9.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (217% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 141% to bring the payout ratio under control, which is more than the 20% EPS growth achieved over the last 5 years. Reported Earnings • Jun 02
First quarter 2025 earnings released: EPS: CA$0.008 (vs CA$0.005 in 1Q 2024) First quarter 2025 results: EPS: CA$0.008 (up from CA$0.005 in 1Q 2024). Revenue: CA$1.68m (down 3.0% from 1Q 2024). Net income: CA$355.4k (up 63% from 1Q 2024). Profit margin: 21% (up from 13% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Anuncio • May 26
Source Rock Royalties Ltd., Annual General Meeting, Jun 17, 2025 Source Rock Royalties Ltd., Annual General Meeting, Jun 17, 2025. Declared Dividend • May 22
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 30th May 2025 Payment date: 13th June 2025 Dividend yield will be 9.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 175% to bring the payout ratio under control, which is more than the 18% EPS growth achieved over the last 5 years. Anuncio • May 16
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on June 13, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on June 13, 2025 to shareholders of record on May 30, 2025. Declared Dividend • Apr 20
Dividend of CA$0.0065 announced Dividend of CA$0.0065 is the same as last year. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 9.4%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 175% to bring the payout ratio under control, which is more than the 16% EPS growth achieved over the last 5 years. Anuncio • Apr 15
Source Rock Royalties Declares Monthly Dividend, Payable on May 15, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on May 15, 2025 to shareholders of record on April 30, 2025. Declared Dividend • Mar 21
Dividend of CA$0.0065 announced Shareholders will receive a dividend of CA$0.0065. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 8.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 175% to bring the payout ratio under control, which is more than the 16% EPS growth achieved over the last 5 years. Anuncio • Mar 14
Source Rock Royalties Ltd. Declares Monthly Cash Dividend, Payable on April 15, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on April 15, 2025 to shareholders of record on March 31, 2025. Declared Dividend • Feb 23
Dividend of CA$0.0065 announced Shareholders will receive a dividend of CA$0.0065. Ex-date: 28th February 2025 Payment date: 14th March 2025 Dividend yield will be 8.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 175% to bring the payout ratio under control, which is more than the 16% EPS growth achieved over the last 5 years. Anuncio • Feb 14
Source Rock Royalties Ltd. Declares Monthly Cash Dividend, Payable on March 14, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on March 14, 2025 to shareholders of record on February 28, 2025. Anuncio • Jan 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on February 14, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on February 14, 2025 to shareholders of record on January 31, 2025. Declared Dividend • Dec 19
Dividend of CA$0.0065 announced Shareholders will receive a dividend of CA$0.0065. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 9.0%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 175% to bring the payout ratio under control, which is more than the 16% EPS growth achieved over the last 5 years. Anuncio • Dec 17
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on January 15, 2025 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on January 15, 2025 to shareholders of record on December 31, 2024. Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: CA$0.005 (vs CA$0.012 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.005 (down from CA$0.012 in 3Q 2023). Revenue: CA$1.99m (down 1.5% from 3Q 2023). Net income: CA$247.9k (down 53% from 3Q 2023). Profit margin: 13% (down from 26% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Declared Dividend • Nov 20
Dividend of CA$0.0065 announced Shareholders will receive a dividend of CA$0.0065. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 8.6%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (196% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 118% to bring the payout ratio under control, which is more than the 20% EPS growth achieved over the last 5 years. Anuncio • Nov 16
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on December 13, 2024 Source Rock Royalties Ltd. announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on December 13, 2024 to shareholders of record on November 29, 2024. Declared Dividend • Oct 17
Dividend of CA$0.0065 announced Shareholders will receive a dividend of CA$0.0065. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 8.4%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (196% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 118% to bring the payout ratio under control, which is more than the 20% EPS growth achieved over the last 5 years. Anuncio • Oct 16
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on November 15, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on November 15, 2024 to shareholders of record on October 31, 2024. Declared Dividend • Sep 19
Dividend of CA$0.0065 announced Shareholders will receive a dividend of CA$0.0065. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 8.4%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (196% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 118% to bring the payout ratio under control, which is more than the 20% EPS growth achieved over the last 5 years. Anuncio • Sep 16
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on October 15, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on October 15, 2024 to shareholders of record on September 30, 2024. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CA$0.012 (vs CA$0.01 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.012 (up from CA$0.01 in 2Q 2023). Revenue: CA$2.10m (up 38% from 2Q 2023). Net income: CA$527.5k (up 22% from 2Q 2023). Profit margin: 25% (down from 28% in 2Q 2023). The decrease in margin was driven by higher expenses. Anuncio • Aug 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on September 13, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on September 13, 2024 to shareholders of record on August 30, 2024. Recent Insider Transactions Derivative • Jul 29
Founder exercised options to buy CA$80k worth of stock. On the 24th of July, Bradley Docherty exercised options to buy 91k shares at a strike price of around CA$0.89, costing a total of CA$81k. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. Since September 2023, Bradley's direct individual holding has increased from 2.30m shares to 2.38m. Company insiders have collectively bought CA$462k more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Jul 18
Dividend of CA$0.0065 announced Shareholders will receive a dividend of CA$0.0065. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 8.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (199% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 121% to bring the payout ratio under control, which is more than the 19% EPS growth achieved over the last 5 years. Anuncio • Jul 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on August 15, 2024 Source Rock Royalties Ltd. declared a monthly dividend of $0.0065 per common share, payable in cash on August 15, 2024 to shareholders of record on July 31, 2024. Declared Dividend • Jun 19
Dividend of CA$0.0065 announced Shareholders will receive a dividend of CA$0.0065. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 8.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (199% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 121% to bring the payout ratio under control, which is more than the 19% EPS growth achieved over the last 5 years. Anuncio • Jun 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable in Cash on July 15, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on July 15, 2024 to shareholders of record on June 28, 2024. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: CA$0.005 (vs CA$0.005 in 1Q 2023) First quarter 2024 results: EPS: CA$0.005 (in line with 1Q 2023). Revenue: CA$1.73m (up 25% from 1Q 2023). Net income: CA$218.0k (down 1.9% from 1Q 2023). Profit margin: 13% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Declared Dividend • May 19
Dividend of CA$0.0065 announced Shareholders will receive a dividend of CA$0.0065. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 8.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (190% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 111% to bring the payout ratio under control, which is more than the 19% EPS growth achieved over the last 5 years. Anuncio • May 16
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on June 14, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on June 14, 2024 to shareholders of record on May 31, 2024. Reported Earnings • Apr 22
Full year 2023 earnings released: EPS: CA$0.035 (vs CA$0.06 in FY 2022) Full year 2023 results: EPS: CA$0.035 (down from CA$0.06 in FY 2022). Revenue: CA$6.65m (up 2.4% from FY 2022). Net income: CA$1.57m (down 39% from FY 2022). Profit margin: 24% (down from 39% in FY 2022). The decrease in margin was driven by higher expenses. Declared Dividend • Apr 18
Dividend increased to CA$0.0065 Dividend of CA$0.0065 is 18% higher than last year. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 8.0%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (162% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 80% to bring the payout ratio under control, which is more than the 22% EPS growth achieved over the last 5 years. Anuncio • Apr 16
Source Rock Royalties Ltd. Announces Monthly Cash Dividend, Payable on May 15, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on May 15, 2024 to shareholders of record on April 30, 2024. This represents an increase of 8% to the monthly dividend. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. Declared Dividend • Mar 18
Dividend of CA$0.006 announced Shareholders will receive a dividend of CA$0.006. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 8.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (162% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.5% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 80% to bring the payout ratio under control, which is more than the 22% EPS growth achieved over the last 5 years. Anuncio • Mar 14
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on April 15, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.006 per common share, payable in cash on April 15, 2024 to shareholders of record on March 29, 2024. Anuncio • Feb 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on March 15, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.006 per common share, payable in cash on March 15, 2024 to shareholders of record on February 29, 2024. Anuncio • Jan 16
Source Rock Royalties Ltd. Declares Monthly Cash Dividend, Payable on February 15, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.006 per common share, payable in cash on February 15, 2024 to shareholders of record on January 31, 2024. Anuncio • Dec 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on January 15, 2024 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.006 per common share, payable in cash on January 15, 2024 to shareholders of record on December 29, 2023. Reported Earnings • Nov 28
Third quarter 2023 earnings released: EPS: CA$0.012 (vs CA$0.01 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.012 (up from CA$0.01 in 3Q 2022). Revenue: CA$2.02m (up 30% from 3Q 2022). Net income: CA$529.8k (up 19% from 3Q 2022). Profit margin: 26% (down from 29% in 3Q 2022). The decrease in margin was driven by higher expenses. Anuncio • Nov 17
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on December 15, 2023 Source Rock Royalties Ltd. announces that its board of directors has declared a monthly dividend of $0.006 per common share, payable in cash on December 15, 2023 to shareholders of record on November 30, 2023. Anuncio • Oct 18
Source Rock Royalties Ltd. Increases Monthly Dividend, Payable on November 15, 2023 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.006 per common share, which represents a 9% increase to its previous monthly dividend. The increased monthly dividend will be payable in cash on November 15, 2023 to shareholders of record on October 31, 2023. Anuncio • Sep 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on October 13, 2023 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0055 per common share, payable in cash on October 13, 2023 to shareholders of record on September 29, 2023. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.02 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.01 (down from CA$0.02 in 2Q 2022). Revenue: CA$1.53m (down 20% from 2Q 2022). Net income: CA$431.9k (down 52% from 2Q 2022). Profit margin: 28% (down from 48% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Anuncio • Aug 17
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on September 15, 2023 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0055 per common share, payable in cash on September 15, 2023 to shareholders of record on August 31, 2023. Anuncio • Jul 15
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on August 15, 2023 Source Rock Royalties Ltd. announced that its board of directors has declared a monthly dividend of $0.0055 per common share, payable in cash on August 15, 2023 to shareholders of record on July 31, 2023. Anuncio • Jun 16
Source Rock Royalties Ltd. Declares Monthly Dividend, Payable on July 14, 2023 Source Rock Royalties Ltd. announces that its board of directors has declared a monthly dividend of $0.0055 per common share, payable in cash on July 14, 2023 to shareholders of record on June 30, 2023. Reported Earnings • May 31
First quarter 2023 earnings released: EPS: CA$0.005 (vs CA$0.019 in 1Q 2022) First quarter 2023 results: EPS: CA$0.005 (down from CA$0.019 in 1Q 2022). Revenue: CA$1.38m (down 9.6% from 1Q 2022). Net income: CA$222.2k (down 66% from 1Q 2022). Profit margin: 16% (down from 42% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Reported Earnings • Apr 17
Full year 2022 earnings released: EPS: CA$0.06 (vs CA$0.006 in FY 2021) Full year 2022 results: EPS: CA$0.06 (up from CA$0.006 in FY 2021). Revenue: CA$6.49m (up 52% from FY 2021). Net income: CA$2.56m (up CA$2.38m from FY 2021). Profit margin: 39% (up from 4.1% in FY 2021). The increase in margin was primarily driven by higher revenue. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.015 per share at 8.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 8.5%. Within top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (5.5%). Upcoming Dividend • Dec 22
Upcoming dividend of CA$0.015 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 8.5%. Within top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (5.1%). Anuncio • Dec 16
Source Rock Royalties Declares Quarterly Cash Dividend, Payable on January 13, 2023 Source Rock Royalties Ltd. announced that its board of directors has declared a quarterly dividend of $0.015 per common share, payable in cash on January 13, 2023 to shareholders of record on December 30, 2022. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reported Earnings • Nov 30
Third quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.003 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.01 (up from CA$0.003 in 3Q 2021). Revenue: CA$1.55m (up 34% from 3Q 2021). Net income: CA$446.9k (up 435% from 3Q 2021). Profit margin: 29% (up from 7.2% in 3Q 2021). Anuncio • Nov 29
Source Rock Royalties Ltd. Closes S.E. Saskatchewan Light Oil Royalty Acquisition with Drill Commitment Source Rock Royalties Ltd. announces that it has closed the acquisition of a 2% gross overriding royalty in approximately 6,400 net acres (10 sections) of land in S.E. Saskatchewan. The purchase price was $3.5 million and the transaction has an effective date of October 1, 2022. The GORR Lands are operated by Anova Resources Inc., and Elevation Oil & Gas Limited ("Elevation") is partnered with Anova on the GORR Lands. Source Rock has completed several royalty deals with Anova since January 2019. Over this time, Anova has successfully drilled numerous horizontal wells on Source Rock's royalty lands and has become one of Source Rock's largest royalty payors. Gross production from the GORR Lands averaged approximately 500 bbl/d of Frobisher light oil in October 2022. In addition, 8 horizontal wells were recently drilled on the GORR Lands, and 4 of these wells began producing over the last two weeks. It is anticipated that the remaining recently drilled horizontal wells will begin producing prior to year-end. Future development on the GORR Lands will be focused on the Frobisher formation. The Frobisher is a shallow, conventional light oil play that does not require hydraulic fracturing; it is one of the most economic light oil plays in Canada. As part of the purchase of the GORR, Source Rock has received a drill commitment for 15 additional net horizontal wells (each a "Drill Commitment Well") to be drilled on Source Rock's royalty lands prior to December 31, 2024. Source Rock is entitled to $125,000 in damages for each Drill Commitment Well not drilled before the Drill Commitment Deadline. The Drill Commitment Deadline may be automatically extended as follows: Upon the first time that the price of the NYMEX West Texas Intermediate Light Sweet Crude Oil Futures Contract (in U.S. Dollars) settles below $70.00 for 30 consecutive days, it shall be extended by 90 days; and Every time thereafter that the price of WTI settles below $70.00 for 30 consecutive days, it shall be extended by an additional 30 days. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director Dean Potter was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Anuncio • Oct 16
Source Rock Royalties Announces Resignation of Brody Loster as Director Source Rock Royalties Ltd. announced that Mr. Brody Loster has resigned as a director. Mr. Loster will continue to provide geological consulting services to Source Rock. Loster has been a director of Source Rock since 2013. Source Rock is very grateful for Mr. Loster's lengthy commitment to the company and looks forward to continuing to benefit from his expertise through the provision of geological services to assist with evaluating royalty acquisition opportunities. Mr. Loster is a Professional Geologist with more than 15 years of experience focused on several oil fairways in Saskatchewan and Alberta. Mr. Loster previously held various roles with Baytex Energy Corp., Raging River Exploration Inc. and Wildstream Exploration Inc. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.015 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of Canadian dividend payers (5.6%). Higher than average of industry peers (4.4%). Anuncio • Sep 16
Source Rock Royalties Declares Quarterly Dividend Payable in Cash on October 14, 2022 Source Rock Royalties Ltd. announced that its board of directors has declared a quarterly dividend of $0.015 per common share, payable in cash on October 14, 2022 to shareholders of record on September 30, 2022. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS: CA$0.02 (vs CA$0.003 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.02 (up from CA$0.003 in 2Q 2021). Revenue: CA$1.90m (up 64% from 2Q 2021). Net income: CA$904.6k (up CA$821.1k from 2Q 2021). Profit margin: 48% (up from 7.2% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Anuncio • Sep 02
Source Rock Royalties Ltd. Announces CFO Changes Source Rock Royalties Ltd. announced that effective September 1, 2022, Ms. Cheryne Lowe has been appointed as Source Rock's Chief Financial Officer. Ms. Lowe replaces Mr. Sean Clausen, who was Source Rock's CFO since 2013. Source Rock is very grateful for Mr. Clausen's lengthy tenure with the company and wishes him all the best. Mr. Clausen may continue to periodically provide accounting consulting services to Source Rock. Ms. Lowe is a seasoned financial professional with extensive experience working for companies listed on the Toronto Stock Exchange and the TSX Venture Exchange, as well as a background in the upstream oil and gas industry and the Canadian capital markets. Ms. Lowe was most recently Interim CFO at AgJunction Inc. Prior thereto, Ms. Lowe was CFO and Corporate Secretary at Pine Cliff Energy Ltd., and Vice President Finance and CFO at Orlen Upstream Canada Ltd. and its predecessor TriOil Resources Ltd. Ms. Lowe began her career with KPMG and was also an Institutional Research Associate with Tristone Capital Inc. Source Rock has granted Ms. Lowe 200,000 stock options, which shall have an exercise price of $0.90 for a term of 5 years. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.015 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of Canadian dividend payers (5.2%). Higher than average of industry peers (4.2%). Anuncio • Jun 16
Source Rock Royalties Declares Quarterly Dividend, Payable on July 15, 2022 Source Rock Royalties Ltd. announced that its board of directors has declared a quarterly dividend of $0.015 per common share, payable in cash on July 15, 2022 to shareholders of record on June 30, 2022. Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS: CA$0.019 (vs CA$0.091 loss in 1Q 2021) First quarter 2022 results: EPS: CA$0.019 (up from CA$0.091 loss in 1Q 2021). Revenue: CA$1.53m (up 230% from 1Q 2021). Net income: CA$647.1k (up CA$3.32m from 1Q 2021). Profit margin: 42% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue.