PrairieSky Royalty Ltd. announced an 8% increase in its annual dividend to $0.26 per common share in 2021, to be paid on a quarterly basis effective for the March 31, 2021 record date. The Board of Directors considers a number of factors in determining the dividend level, including current and projected activity levels on PrairieSky’s royalty lands, the current commodity price environment, the working capital balance and net earnings of the Company.