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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.0208 per share on Monday, March 31st. This represents a $0.25 annualized dividend and a yield of 9.04%. The ex-dividend date is Friday, March 14th.

Diversified Royalty Price Performance

Shares of DIV stock traded down C$0.01 during trading hours on Wednesday, hitting C$2.76. 55,500 shares of the company’s stock were exchanged, compared to its average volume of 259,381. Diversified Royalty has a 12-month low of C$2.50 and a 12-month high of C$3.09. The company has a market capitalization of C$421.95 million, a PE ratio of 14.41 and a beta of 1.57. The business’s 50 day simple moving average is C$2.84 and its 200-day simple moving average is C$2.91. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70.

Analysts Set New Price Targets

Separately, Desjardins set a C$3.75 price target on shares of Diversified Royalty and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$3.88.

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.