Royal Oak Realty Trust Announces Determined Share Value and Dividend Per Share Increases
Royal Oak’s Independent Directors Committee (“IDC”) reviewed Royal Oak’s Determined Share Value (“DSV”) during their September 14, 2020 Board meeting. The IDC received relevant information and data, various reports by Management relating to the evaluation of the DSV, and a summary valuation report prepared by an independent, third-party consultant.
Following the IDC’s review of the aforementioned information, Royal Oak’s DSV was increased from $56.50/share to $58.00/share; a 2.65% increase.
In addition, the Board of Directors declared dividends for Q4 2020 at an annualized amount of $3.83 per share (a monthly amount of $0.319/share); an annualized increase of $0.05/share representing a 1.32% increase.
The Q4 2020 monthly dividend of $0.319 per share provides a yield of 6.60% on the current $58.00 DSV, and a yield of 7.66% on Royal Oak’s initial $50.00 DSV.