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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Wednesday, July 15th, TickerTech Dividends reports. Stockholders of record on Friday, July 31st will be paid a dividend of 0.0238 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Diversified Royalty Trading Down 0.6%

Shares of Diversified Royalty stock traded down C$0.03 on Monday, hitting C$4.59. The stock had a trading volume of 176,452 shares, compared to its average volume of 411,465. The stock has a 50 day moving average of C$4.66 and a 200 day moving average of C$4.27. The company has a debt-to-equity ratio of 103.05, a quick ratio of 1.74 and a current ratio of 2.84. Diversified Royalty has a twelve month low of C$3.20 and a twelve month high of C$4.98. The firm has a market capitalization of C$858.55 million, a P/E ratio of 22.95 and a beta of 1.11.

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

Insider Transactions at Diversified Royalty

In related news, Director Johnny Ciampi sold 147,004 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of C$4.77, for a total transaction of C$701,209.08. Following the transaction, the director directly owned 12,767 shares of the company’s stock, valued at approximately C$60,898.59. This represents a 92.01% decrease in their position. Also, insider Greg Gutmanis sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 204,185 shares in the company, valued at approximately C$990,297.25. The trade was a 12.81% decrease in their position. Insiders sold a total of 330,000 shares of company stock valued at $1,576,500 over the last ninety days. 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.