Welcome to our dedicated page for Scully Royalty news (Ticker: SRL), a resource for investors and traders seeking the latest updates and insights on Scully Royalty stock.
Scully Royalty Ltd (SRL) provides investors and industry observers with comprehensive updates on its diversified operations spanning iron ore royalties, industrial resource projects, and regulated merchant banking services. This dedicated news hub serves as the authoritative source for tracking SRL's strategic developments across global markets.
Access timely updates on royalty agreement milestones, industrial segment expansions, and financial service innovations. Users will find verified information about earnings announcements, partnership agreements, and operational updates from SRL's activities in Canada, Africa, Asia, and other key regions.
The curated news collection enables stakeholders to monitor how SRL's unique business model navigates commodity markets while maintaining diversified revenue streams. Regular updates provide insights into management strategies addressing sector challenges like price volatility and geopolitical factors.
Bookmark this page for direct access to SRL's official communications and third-party analyses. Check back frequently to stay informed about this royalty-focused company's performance across mining, industrial, and financial service sectors.
Scully Royalty Ltd. (NYSE: SRL) announced the filing of its annual report on Form 20-F and declared a second cash dividend for 2022. The dividend is set at US$0.27 (C$0.34) per share, payable on May 23, 2022, to shareholders of record by May 10, 2022. This decision follows a gross royalty payment of approximately C$11.8 million for the first quarter on 767,630 tonnes shipped, aligning with the company's strategy to enhance shareholder value. Future dividends will depend on royalty payments and financial performance.
Scully Royalty Ltd. (NYSE: SRL) announced its subsidiary, Merkanti Holding plc, has signed a definitive agreement to acquire Sparkasse Holdings, the parent of Sparkasse Bank Malta. Following regulatory approval, a merger is planned to create a larger independent banking institution with a projected combined pro-forma of approximately Euro 60 million in Own Funds, Euro 1.1 billion in total assets, and Euro 8.1 billion in assets under custody. The transaction is expected to enhance Merkanti's scale and operational scope, supporting Scully's focus on maximizing shareholder value through its iron ore royalty interests.
Scully Royalty Ltd. (NYSE: SRL) announced a cash dividend of C$0.25 (US$0.18) per common share on February 9, 2022. This dividend is payable on March 4, 2022, to shareholders of record as of February 21, 2022. Due to a U.S. federal holiday on February 21, the ex-dividend date has been adjusted to February 17, 2022. This announcement underscores the company's commitment to returning value to its shareholders.
Scully Royalty Ltd. (NYSE: SRL) has declared a cash dividend of C$0.25 (US$0.18) per common share, payable on March 4, 2022. Shareholders of record as of February 21, 2022 will receive this dividend, which follows the company’s new cash dividend policy aimed at enhancing shareholder value. The decision was influenced by fourth-quarter royalty payments totaling approximately C$7.3 million on 807,601 tonnes shipped, before a 20% mining tax. Future dividends will depend on financial performance and royalty payments.
Scully Royalty Ltd. (NYSE: SRL) has released its Half-Year Report for the period ending June 30, 2021. The report details the company's financial performance and operations, encouraging stakeholders to review it for a comprehensive understanding. The full report is accessible on the company's website and through the SEC's EDGAR database. Shareholders may request a hard copy at no charge. Additionally, stakeholders can arrange a conference call with senior management for any inquiries related to the report.
Scully Royalty Ltd. (NYSE: SRL) filed its annual report on form 20-F, highlighting updates on its core asset, the Scully iron ore mine in Canada, which generates royalties of 7% on iron ore and a minimum of C$3.25 million annually. The mine has ramped up production, shipping nearly 3 million tonnes in 2020. The Company announced a cash dividend policy intending to maximize future payouts to shareholders, with a first expected in H2 2021. Additionally, it plans two tax-free stock dividends, enhancing liquidity. The Company is also focusing on its core royalty interests by discontinuing non-core operations.
Scully Royalty Ltd. (NYSE: SRL) has reported its financial results for the six months ending June 30, 2020. The details are provided in the unaudited Half-Year Report, which includes financial statements and management analysis. Stakeholders are encouraged to review the complete report available at the SEC's website. Shareholders can request a complimentary hard copy and direct inquiries to the company's North American toll-free line or via email for further information.
Scully Royalty Ltd. (NYSE: SRL) provides a corporate update in response to a third-party report regarding ongoing litigation tied to an alleged EUR 43 million guarantee from its former parent company. The Company disputes this claim and has received legal opinions affirming its invalidity. A freeze order issued in the Cayman Islands limits asset disposal but is not a monetary judgment. Additionally, Scully Royalty reported CDN$10.8 million in gross royalty income from the Scully Mine in the first half of 2020, significantly up from prior years.
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