Diversified Royalty Corp (TSE:DIV) announced a monthly dividend on Friday, April 12th, TickerTech reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.0185 per share on Tuesday, April 30th. This represents a $0.22 annualized dividend and a yield of 7.03%. The ex-dividend date is Friday, April 12th.

DIV opened at C$3.16 on Thursday. The company has a market cap of $339.83 million and a price-to-earnings ratio of 35.11. Diversified Royalty has a 52 week low of C$2.55 and a 52 week high of C$3.40. The company has a quick ratio of 99.11, a current ratio of 99.22 and a debt-to-equity ratio of 60.68.

Diversified Royalty (TSE:DIV) last issued its earnings results on Monday, March 11th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$7.17 million for the quarter, compared to analysts’ expectations of C$7.22 million. On average, equities research analysts expect that Diversified Royalty will post 0.1899999916875 earnings per share for the current fiscal year.

Separately, Pi Financial cut their target price on Diversified Royalty from C$4.25 to C$4.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th.

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Diversified Royalty Company Profile

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It primarily holds the Canadian and United States trademarks and other intellectual property rights related to the Original Joe's, Elephant & Castle, and State & Main restaurant businesses.

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Dividend History for Diversified Royalty (TSE:DIV)

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