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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be paid a dividend of 0.0238 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Diversified Royalty Stock Up 0.7%

Shares of DIV stock traded up C$0.03 during trading hours on Friday, reaching C$4.11. 195,153 shares of the company’s stock were exchanged, compared to its average volume of 475,856. Diversified Royalty has a 1 year low of C$3.41 and a 1 year high of C$4.98. The company has a current ratio of 0.49, a quick ratio of 1.74 and a debt-to-equity ratio of 212.48. The stock has a market cap of C$775.79 million, a PE ratio of 24.18 and a beta of 1.06. The stock’s fifty day moving average price is C$4.36 and its two-hundred day moving average price is C$4.40.

Diversified Royalty (TSE:DIV) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$19.48 million during the quarter. Diversified Royalty had a net margin of 39.72% and a return on equity of 10.39%. Research analysts predict that Diversified Royalty will post 0.2 EPS for the current year.

Insider Buying and Selling at Diversified Royalty

In related news, insider Sean Morrison bought 12,626 shares of the stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of C$4.02 per share, for a total transaction of C$50,756.52. Following the completion of the purchase, the insider directly owned 771,648 shares of the company’s stock, valued at C$3,102,024.96. This represents a 1.66% increase in their ownership of the stock. Also, Director Johnny Ciampi purchased 100,000 shares of Diversified Royalty stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of C$3.99 per share, with a total value of C$399,000.00. Following the completion of the transaction, the director owned 112,767 shares of the company’s stock, valued at C$449,940.33. This represents a 783.27% increase in their position. 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.