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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.0208 per share on Friday, February 28th. This represents a $0.25 annualized dividend and a dividend yield of 8.82%. The ex-dividend date is Friday, February 14th.

Diversified Royalty Stock Performance

Shares of DIV traded down C$0.01 during midday trading on Wednesday, reaching C$2.83. 26,603 shares of the stock were exchanged, compared to its average volume of 251,446. The company has a quick ratio of 1.74, a current ratio of 5.73 and a debt-to-equity ratio of 89.69. The company has a market cap of C$468.22 million, a P/E ratio of 13.48 and a beta of 1.57. Diversified Royalty has a twelve month low of C$2.50 and a twelve month high of C$3.09. The stock’s 50 day simple moving average is C$2.89 and its 200 day simple moving average is C$2.91.

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.