Q1 2021 Freehold Royalties Ltd Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to the First Quarter Results Conference Call.
I would now like to turn the meeting over to Mr. David Spyker. Please go ahead.
Good morning, everyone, and thank you for joining us. On the call with me today are David Hendry, our CFO; Rob King, our Vice President, Business Development; and Matt Donahue, our Manager of Investor Relations and Capital Markets.
The first quarter marked a period of rebound for Freehold as the company restored production levels, generated significant improvements in funds from operations, increased its dividend, and completed its first transformational U.S. royalty transaction, all while reducing leverage. To start this morning, I would like to talk about the dividend increase and then we will focus on the excellent operational performance we have had.
In conjunction with projecting 10% to 15% production growth over 2020, we will be increasing our dividend for the third time this
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