A&W. Ups div distribution 11.1 % from .135 mth to .15 mth.
As a result of the performance by restaurants in the Royalty Pool, the monthly distribution to unitholders will increase from 13.5 cents per Unit to 15.0 cents per Unit, beginning with the July distribution which is payable on August 31, 2021. The new distribution rate translates into an annualized distribution rate of $1.80 per Unit, an increase of 11.1% from the prior level of $1.62 per Unit.
On August 10, 2021, the Board of Directors amended the Company's quarterly policy to increase the annualized dividend by 7.9% from $0.63 to $0.68 per common share. The Board's decision to increase the dividend was based on the Company's strong financial position and positive outlook. Accordingly, on August 10, 2021, the Company declared a quarterly cash dividend of $0.17 per common share payable on September 30, 2021 to shareholders of record at the close of business on September 16, 2021.
A forum community dedicated to Canadian personal finance enthusiasts. Come join the discussion about investing, stock portfolios, equities, frugality, real estate, market trading, taxation, retirement, and more!