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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, March 13th, TickerTech Dividends reports. Investors of record on Tuesday, March 31st will be paid a dividend of 0.0238 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Friday, March 13th.

Diversified Royalty Price Performance

TSE DIV traded down C$0.02 during trading on Wednesday, hitting C$4.06. 288,798 shares of the stock traded hands, compared to its average volume of 311,984. The company has a quick ratio of 1.74, a current ratio of 0.79 and a debt-to-equity ratio of 101.11. Diversified Royalty has a 12-month low of C$2.57 and a 12-month high of C$4.32. The firm has a 50-day simple moving average of C$4.00 and a 200-day simple moving average of C$3.75. The company has a market capitalization of C$693.22 million, a P/E ratio of 23.88 and a beta of 1.11.

Diversified Royalty Company Profile

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.