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Metalla Royalty and Streaming declares monthly dividend

The payment date for this month is June 15 for shareholders of record on June 1

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Metalla plans to expand its divi over the year targeting a payout ratio up to 50% of its operating cash flow after taxes and general and administrative expenses

Metalla Royalty and Streaming Ltd (CVE:MTA) says it will pay a dividend of C$0.0015 per share in June, July, August and September this year.

"As of market close June 1, 2018, at a price of 82 cents, our annual dividend yield is approximately 2.2 per cent, making Metalla one of the highest-yielding precious metal royalty and streaming companies," said Brett Heath, Metalla's president and chief executive.

"We expect to pay out over $1-million this year in dividends while the company grows through accretive acquisitions.

"This gives our investors a direct link to gold and silver prices in addition to capital appreciation tied to our impressive growth track record."

The payment date for this month is June 15 for shareholders of record on June 1.

And Metalla plans to expand its divi over the year targeting a payout ratio up to 50% of its operating cash flow after taxes and general and administrative expenses.

The dividend should give shareholders a link to gold and silver prices and performance of the company's royalties and streams.

Metalla Royalty shares in Toronto eased 2.44% to stand at C$0.80 each.

Quick facts: Metalla Royalty and Streaming Ltd

Price: 1.32 CAD

TSX-V:MTA
Market: TSX-V
Market Cap: $177.43 m
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