As part of its long-term strategy, Nomad is firmly committed to returning capital to shareholders through a regular dividend in order to generate lasting, reliable and consistent returns for its shareholders. Paying a sustainable dividend is a core strategic objective for Nomad Royalty Company.
On August 26th, 2020 unveiled its dividend policy and declared its inaugural quarterly dividend. The Board of Directors has adopted an annual dividend policy for the Company of C$0.02 per share, payable quarterly.
The first quarterly dividend of C$0.005 per common share will be payable on October 15, 2020 to Nomad shareholders of record as of the close of business on September 30, 2020.
Post the share consolidation which was approved on May 10th, 2021, the dividend is now C$0.20 annually, payable quarterly at a rate of C$0.05.
For shareholders residing in the United States, the dividend will be paid in U.S. dollars based on the daily exchange rate published by the Bank of Canada on September 30, 2020. The dividend has been designated by Nomad as an "eligible dividend" under the Income Tax Act (Canada).
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