Duke Royalty - big dividends and other appealing features of royalty investment
The UK’s first quoted royalty investment company looks an interesting, if unusual, investment proposition, offering an attractive dividend yield. Find out more in our latest Premium Research note here.
Duke Royalty Ltd (AIM:DUKE) is, depending on the exact definition one uses, the first UK-quoted royalty investment company. Other UK-quoted companies have benefited from royalties in natural resource assets, but this is the first non-resource play with a dedicated royalty investment strategy listed on the UK market. Duke was launched in March 2017 with £15m raised at 40p per share to support its strategy. This was followed by a further £20m placing at 40p per share in December 2017. The company is registered and has its head office in Guernsey, where the standard rate of income tax for companies is…