In line with its strategy of paying a high and stable dividend, and reflecting the firm’s rapid growth this year, the quarterly payout increased to 0.75p per share for September. This keeps Duke in the top 5% of dividend yielding companies listed on AIM.
Duke Royalty Ltd said Friday its revenue more than doubled during the first half, boosted by investments in royal partners.
The royalty financing company said for six months ended September 30, its revenue jumped to GBP5.9 million from GBP2.7 million in comparable period a year ago.
Duke Royalty said profit more than trebled in the first half of the year on a surge in revenue as investments in royal partners boosted growth.
For the six months ended 30 September 2019, pre-tax profit rose to £3.7m from £1.1m on-year as total income surged 119% to £5.9m and operational cash flow jumped 195% to £3.9m.
Duke Royalty (DUKE) provides capital to profitable businesses in exchange for rights to a small percentage of their future revenues. This model has worked very well in Canada, but people in the UK are less familiar with it.