Duke Royalty, a provider of alternative capital, has announced that it anticipates a rise in revenue for the third quarter. The company projects a recurring cash revenue record of £6.3 million ($8 million) for the period ending on December 31st, compared to £5.6 million in the same period last year and £6.2 million in the previous quarter.
Despite ongoing macroeconomic uncertainties, Duke Royalty remains optimistic about its revenue growth, with the third quarter poised to maintain the upward trend. This positive performance underscores their commitment to maintaining a stable dividend, which currently offers an approximate 9% yield, according to CEO Neil Johnson.
Additionally, Duke Royalty has recently increased its investment in Cre-Tech Industrial Group, one of its prized royalty partners. The company has injected a further $6.5 million (CAD) into Cre-Tech, raising their total exposure to $27.1 million (CAD).
These developments highlight Duke Royalty’s commitment to driving growth and reinforcing its strategic investments.
For more information, please visit Duke Royalty’s official website.