Highlights

• Source Rock Royalties declared a C$0.0065 monthly Dividend on 15 October, payable to shareholders on 13 November.

• Twelve identical monthly payments over the past year delivered C$0.078 per share to holders in total.

• Its Royalty interests concentrate on oil production across southeast Saskatchewan, central Alberta and west-central Saskatchewan.

• Royalty holders collect Revenue without funding drilling or operating costs, though Commodity prices still drive income.

Another month, same rate. Source Rock Royalties Ltd. (TSXV:SRR) declared a dividend of C$0.0065 per share on 15 October 2026 for shareholders of record on 30 October, payable in cash on 13 November and designated an eligible dividend.

For a royalty company whose shares change hands at around a dollar, that consistency is the headline. The question is what feeds it, and how much room the model leaves for growth.

Steady instalments, simple maths

Each payment with an ex-date between 11 November 2025 and 10 November 2026 was C$0.0065, giving twelve instalments worth C$0.078 per share.

Using a closing price of C$1.07 on 9 November 2026, the latest close confirmed, the trailing Yield is about 7.29%. With no change in the monthly rate, the indicated yield is the same. At such a low share price, a one-cent move shifts the yield noticeably.

The Record Date and the ex-date fall on the same day, so buyers needed to hold shares by the close of 30 October to qualify for the November cheque. Payments are made in cash rather than in new shares, and no return of Capital component has been identified.

A pure-play royalty model

Source Rock describes itself as a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases. Its interests are oil-focused and concentrated in southeast Saskatchewan, central Alberta and west-central Saskatchewan, alongside oil sands interests and petroleum and Natural Gas leases in Alberta.

The company buys existing royalties and creates new ones, often in collaboration with industry partners. It funds both acquisitions and dividends from funds from operations, aiming to balance growth with yield.

Management measures success through growth in funds from operations per share and a strong netback on royalty production, while keeping a low-cost corporate structure.

What drives the cash

Royalty income depends on volumes produced by operators on its lands and on the prices those barrels fetch. Source Rock does not control drilling decisions, so activity by its industry partners shapes how much revenue flows through.

Second-quarter 2026 results were filed in late August. No third-quarter figures or new royalty acquisitions had surfaced by the time of writing.

Because acquisitions and dividends draw on the same pool of funds from operations, every dollar paid out is a dollar not spent on new royalties. How the board strikes that balance will determine whether the portfolio grows while the monthly rate holds.

Limits worth noting

The dividend is regular and monthly, with no special payments or return of capital identified in the past year. Even so, a Business reliant on oil prices and third-party operators carries cash-flow swings, and the board declares each payment month by month rather than committing to a fixed annual amount.