Q2 Dividend Increases by 20%
Music Royalties Inc. (‘MRI’) declares an increase in its quarterly dividend to $0.003 per share from $0.0025 per share on its common stock. This represents a 20% increase compared to the prior quarterly dividend.
This dividend increase marks the first increase in the dividend reflecting MRI’s long-term plan of making accretive acquisitions which underpin the ability to grow the dividend in the future. 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.