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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, November 14th, TickerTech Dividends reports. Investors of record on Friday, November 28th will be given a dividend of 0.0229 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Friday, November 14th.

Diversified Royalty Stock Up 0.6%

DIV stock traded up C$0.02 during trading hours on Wednesday, reaching C$3.53. 136,592 shares of the stock were exchanged, compared to its average volume of 304,187. The firm’s 50-day moving average is C$3.59 and its 200-day moving average is C$3.31. Diversified Royalty has a 12 month low of C$2.50 and a 12 month high of C$3.81. The company has a market cap of C$598.92 million, a price-to-earnings ratio of 22.06 and a beta of 0.92. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74.

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.