Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Thursday, January 4th, Zacks reports. Investors of record on Monday, January 15th will be paid a dividend of 0.019 per share on Wednesday, January 31st. This represents a $0.23 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend is Friday, January 12th. This is an increase from Diversified Royalty’s previous monthly dividend of $0.02.

Shares of Diversified Royalty (TSE:DIV) traded up C$0.02 during midday trading on Thursday, reaching C$3.67. 327,977 shares of the company were exchanged, compared to its average volume of 198,847. Diversified Royalty has a one year low of C$2.20 and a one year high of C$3.74. The stock has a market cap of $391.06, a PE ratio of 40.78 and a beta of 0.75.

In other Diversified Royalty news, Director Mitchell Harold Gropper sold 28,500 shares of Diversified Royalty stock in a transaction dated Friday, December 15th. The shares were sold at an average price of C$3.45, for a total value of C$98,325.00.

Several brokerages have issued reports on DIV. Pi Financial lifted their target price on shares of Diversified Royalty from C$3.25 to C$4.25 and gave the stock a “buy” rating in a report on Monday, November 13th. CIBC lifted their target price on shares of Diversified Royalty from C$3.00 to C$3.75 in a report on Tuesday, October 17th.

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About Diversified Royalty

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.

Dividend History for Diversified Royalty (TSE:DIV)

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