Diversified Royalty Corp. Announces Monthly Dividend of $0.02 (TSE:DIV)

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, August 14th, TickerTech Dividends reports. Investors of record on Monday, August 31st will be given a dividend of 0.0238 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, August 14th.

Diversified Royalty Trading Up 0.2%

DIV stock traded up C$0.01 during trading on Wednesday, hitting C$4.58. The company had a trading volume of 35,297 shares, compared to its average volume of 412,988. The firm has a 50-day moving average price of C$4.66 and a 200-day moving average price of C$4.38. Diversified Royalty has a 12 month low of C$3.37 and a 12 month high of C$4.98. The company has a quick ratio of 1.74, a current ratio of 2.84 and a debt-to-equity ratio of 103.05. The stock has a market cap of C$856.68 million, a price-to-earnings ratio of 22.90 and a beta of 1.11.

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

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.