Business
Gold Royalty Declares Second Quarter 2023 Dividend
VANCOUVER, BC, May 23, 2023 /CNW/ - Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that its board of director
About this update from Gold Royalty Corp.
[{"type":"text","content":" VANCOUVER, BC, May 23, 2023 /CNW/ - Gold Royalty Corp. (NYSE American: GROY) (\"Gold Royalty\" or the \"Company\") is pleased to announce that its board of directors has declared the Company's second quarter 2023 cash dividend of US$0.01 per common share. The dividend will be paid on June 30, 2023 to shareholders of record as of the close of business on June 20, 2023. The dividend qualifies as an \"eligible\" dividend as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada. The Company's dividend program contemplates quarterly dividends, the declaration, timing, amount and payment of which will be subject to the discretion and approval of the board of directors of the Company based on relevant factors, including, among others, the Company's financial condition and capital allocation plans. Dividend Reinvestment Plan The Company reminds shareholders that it has implemented a dividend reinvestment plan (the \"DRIP\"). In order to be eligible to participate in the DRIP for the second quarter, registered shareholders, who have not already done so, must complete the enrollment form via the link provided below, which is also available on the Company's website, by 5:00 pm (EDT) on June 13, 2023. Beneficial shareholders will need to make arrangements through their brokers and/or nominees sufficiently in advance of such time. The DRIP allows participating shareholders to reinvest some or all their cash dividends into additional common shares, without incurring any additional brokerage fees or commissions. Participation in the DRIP is optional and will not affect shareholders' cash dividends unless they elect to participate in the DRIP. For the purposes of this dividend, the Company has elected to issue common shares under the DRIP through treasury at the Average Market Price, as defined in the DRIP. Participation in the DRIP Participation in the DRIP is available to shareholders residing in (i) Canada; (ii) the United States; and (iii) all other jurisdictions where such participation is not prohibited under applicable law. Registered Shareholders Registered Shareholders may enroll in the DRIP by completing an enrollment form, which is available on the Company's website at http://www.goldroyalty.com/investors/dividends...