Music Royalties Inc. (‘MRI’) (June 20, 2023) declares an increase in the monthly dividend to $0.003 per share on its common stock, representing a 20% increase from 3 cents to 3.6 cents per year for a starting 7.2% yield for new investors. MRI has more than tripled its dividend and stock price over the past 5 years.
This increase marks the 5th significant increase in the dividend (+20%, +50%, +33%, +25%, +20%) reflecting MRI’s long-term plan of making accretive acquisitions which underpin the ability to grow the dividend by double digit rates on an ongoing basis. The company’s goal is to list publicly to allow music fans as investors to own a share of passive non-correlated music streaming cash flow from the top global artist brands, driven by global smartphone and streaming growth.
Our Dividend Track Record
MRI has a five-year increasing dividend track record and by the end of 2023 will have paid out a total of 10.3 cents in cumulative dividends per share, representing 70% ROI from dividends alone, before capital gains for original investors. To date MRI has paid out over $5 million to shareholders in 41 dividend payments.
The accretive acquisition model with no fees or debt allows MRI to continually increase the dividend and stock price. MRI is committed to fully passing through streaming revenues. MRI is a diversified portfolio of primarily passive streaming income and is not in the music business.
About Music Royalties Inc.
Music Royalties Inc. is an artist and investor partnership which provides direct exposure to music revenues from global streaming platforms by acquiring song royalties for our shareholders. MRI has increased share value by accretively accumulating a diversified portfolio of 26 cash flowing royalties in order to pay increasing dividends.
Contact
Connor Gallagher
+1 647-921-2206