CALGARY, AB – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR) (TSXV: SRR.WT), a pure play oil and gas royalty company with an established portfolio of light oil focused royalties in Saskatchewan and Alberta, announces 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.
This dividend is designated as an “eligible dividend” for Canadian income tax purposes.
Source Rock is a pure-play oil and gas royalty company with an existing, light oil focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta and west-central Saskatchewan. Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock’s strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.