Income attractions of Duke Royalty

FCA

Duke Royalty (LON: DUKE) is unique in the UK, although its royalty model is well known in North America. Duke’s royalty income-based model provides cash generation and an attractive yield.

Duke has the finance to grow the business and companies are becoming more aware of the attractions of royalty-based finance rather than bringing in private equity backers or floating on the stockmarket.

An interim dividend of 0.75p a share has been declared and the shares go ex-dividend on 24 December. This is for the second quarter and first quarter dividend was also 0.75p a share – it was 0.7p a share for each of the quarters in the previous financial year.

This means that this year’s full year dividend could be 2.95p a share. That provides a 6.3% yield at the current share price of 47.7p.
Bu...

Previous articleH&M shares jump despite modest update
Next articleWizz Air expand routes into Armenia
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.