Diversified Royalty Corp. (DIV) To Go Ex-Dividend on June 15th

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.0238 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th.

Diversified Royalty Trading Up 0.9%

Shares of DIV traded up C$0.04 during trading hours on Friday, hitting C$4.70. 326,066 shares of the stock traded hands, compared to its average volume of 385,856. The company has a current ratio of 2.84, a quick ratio of 1.74 and a debt-to-equity ratio of 103.05. Diversified Royalty has a 1-year low of C$2.87 and a 1-year high of C$4.93. The firm has a market capitalization of C$804.96 million, a PE ratio of 23.50 and a beta of 1.06. The business has a fifty day moving average of C$4.47 and a 200-day moving average of C$4.11.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share (EPS) for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%.The business had revenue of C$18.80 million for the quarter. Analysts expect that Diversified Royalty will post 0.2 EPS for the current year.

Insider Transactions at Diversified Royalty

In related news, insider Greg Gutmanis sold 30,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$4.85, for a total value of C$145,500.00. Following the completion of the sale, the insider owned 204,185 shares in the company, valued at approximately C$990,297.25. This represents a 12.81% decrease in their ownership of the stock. Also, Director Johnny Ciampi sold 147,004 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of C$4.77, for a total value of C$701,209.08. Following the completion of the sale, the director owned 12,767 shares of the company’s stock, valued at C$60,898.59. This represents a 92.01% decrease in their position. Insiders sold 330,000 shares of company stock valued at $1,576,500 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.

About Diversified Royalty

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. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.