March 26, 2024, Toronto, Canada. Music Royalties Inc. (‘MRI’) is pleased to announce the payment of its 50th dividend representing:
1) a cumulative $0.112 per share in dividends and
2) a total of over $8 million has been paid out to shareholders since 2019.
The cumulative 11.2 cents in dividends represents a 75% return on capital for initial investors who invested at $0.15 per share, 28% in dividends for $0.40 per share investors and up to 22% in dividends for $0.50 per share investors before capital gains. New investors at $0.50 per share receive $0.036 per year for a starting 7.2% yield, which is more than double the average S&P/TSX 60 dividend of 3.1% and more than five times the S&P 500 dividend yield of 1.4%.
MRI 5 Year Dividend Track Record
MRI has more than tripled its dividend and stock price over the past 6 years through significant annual increases in the dividend (+20%, +50%, +33%, +25%, +20%) reflecting MRI’s long-term strategy of making accretive acquisitions at 6x to 10x cash flow, generating 10 to 15% yields which underpins the company’s 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 top global artist brands, driven by global smartphone and streaming growth.
5 Year Dividend History
Cumulative Total Dividends paid $0.112 per share
The accretive corporate acquisition model with no AUM fees or debt allows MRI to continually increase its dividend and stock price. MRI is committed to fully passing through streaming revenues to shareholders.
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, music fan and investor virtual partnership which provides direct exposure to music revenues from global streaming platforms by acquiring song royalties for shareholders. MRI has increased share value by accretively acquiring a diversified portfolio of 28 cash flowing royalties in order to pay increasing dividends.
Connor Gallagher
P: (647) 921-2206