CALGARY, ALBERTA--(Marketwire - June 19, 2012) - Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) announces that the Board of Directors of the Corporation has declared a dividend of $0.10 per common share. The dividend is payable on July 16, 2012 to holders of record on June 29, 2012. The ex-dividend date is June 27, 2012.
The dividend of $0.10 per common share reflects the previously announced 5% increase from the prior dividend of $0.095 per common share. This is the Corporation's fourth consecutive dividend increase since April 2010.
This dividend is designated by the Corporation to be an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.
About the Corporation:
The Corporation provides alternative financing for a diversified group of private businesses ("Private Company Partners") in exchange for royalties or distributions from the Private Company Partners, with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. Royalties or distributions from the Private Company Partners are structured as a percentage of a "top line" financial performance measure such as gross margin and same-store sales and rank in priority to the owners' common equity position.
The common shares of Alaris Royalty Corp. trade on the Toronto Stock Exchange under the trading symbol AD.