Diversified Royalty Corp (DIV) Given New C$4.25 Price Target at Pi Financial
Separately, CIBC lifted their price objective on Diversified Royalty Corp from C$3.00 to C$3.75 in a research report on Tuesday, October 17th.
Diversified Royalty Corp (TSE:DIV) traded down C$0.03 during trading on Monday, hitting C$3.50. The company’s stock had a trading volume of 269,661 shares, compared to its average volume of 372,659. Diversified Royalty Corp has a 1-year low of C$2.20 and a 1-year high of C$3.56.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.0185 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.34%. Diversified Royalty Corp’s payout ratio is currently 247.20%.
About Diversified Royalty Corp
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp. in October 2014. Diversified Royalty Corp.
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