A&W Revenue Royalties (TSE:AW.UN) has released an update.
The A&W Revenue Royalties Income Fund has announced a March 2024 cash distribution of 16 cents per unit, payable on April 30 to unitholders on record by April 15. This comes alongside a separate $1 million dividend declared by A&W Food Services to its shareholder, funded by its working capital. The Fund’s income is generated from a 3% royalty on sales from over a thousand A&W restaurants across Canada.
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