Diversified Royalty Corp. (TSE:DIV) Increases Dividend to $0.02 Per Share

Diversified Royalty Corp. (TSE:DIVGet Free Report) announced a monthly dividend on Monday, December 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.0238 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, December 15th. This is a 3.9% increase from Diversified Royalty’s previous monthly dividend of $0.02.

Diversified Royalty Trading Up 0.3%

DIV traded up C$0.01 on Friday, reaching C$3.80. 190,249 shares of the company’s stock were exchanged, compared to its average volume of 301,965. The company’s 50 day moving average is C$3.58 and its 200-day moving average is C$3.42. The company has a market cap of C$647.04 million, a price-to-earnings ratio of 22.35 and a beta of 0.96. Diversified Royalty has a twelve month low of C$2.50 and a twelve month high of C$3.82. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28.

Diversified Royalty (TSE:DIVGet Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.05 earnings per share for the quarter. Diversified Royalty had a net margin of 49.25% and a return on equity of 11.46%. The firm had revenue of C$19.59 million for the quarter. Equities analysts predict that Diversified Royalty will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

Separately, CIBC lifted their target price on shares of Diversified Royalty from C$3.50 to C$4.00 in a report on Friday, November 14th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Diversified Royalty has a consensus rating of “Moderate Buy” and an average target price of C$3.87.

Check Out Our Latest Report on Diversified Royalty

Diversified Royalty Company Profile

(Get Free Report)

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments.

See Also

Dividend History for Diversified Royalty (TSE:DIV)

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