Press Release: Monthly Dividend Plan & Increased Dividend by 50%
Music Royalties Inc. (‘MRI’) declares a switch from a Quarterly Dividend Plan to a Monthly Dividend Plan. MRI has increased the dividend to $0.0015 per share paid monthly from $0.001 per share on its common stock, representing a 50% increase from 1.2 cents to 1.8 cents per year for a 4.5% yield.
This dividend increase marks the second increase in the dividend reflecting MRI’s long-term plan of making accretive acquisitions which underpin the ability to grow the dividend on an ongoing basis. The company’s goal is to list publicly to allow fans as investors to own a share of passive music streaming cash flow from the top global artist brands, in an age where streaming is growing exponentially.
About Music Royalties Inc.
Music Royalties Inc. is an artist and investor partnership which provides direct exposure to music revenues from the hyper-growth in global streaming platforms by acquiring song royalties for our shareholders. Our goal is to increase share value by accumulating a diversified portfolio of cash flowing royalties in order to pay increasing dividends.