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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, May 15th, TickerTech Dividends reports. Stockholders of record on Friday, May 29th will be given a dividend of 0.0238 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Friday, May 15th.

Diversified Royalty Stock Performance

Shares of Diversified Royalty stock traded down C$0.01 during trading hours on Wednesday, reaching C$4.29. The company had a trading volume of 151,952 shares, compared to its average volume of 323,941. Diversified Royalty has a one year low of C$2.87 and a one year high of C$4.42. The business has a fifty day simple moving average of C$4.19 and a 200 day simple moving average of C$3.93. The company has a debt-to-equity ratio of 88.76, a current ratio of 0.68 and a quick ratio of 1.74. The firm has a market cap of C$733.63 million, a PE ratio of 20.43 and a beta of 1.07.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings results on Friday, March 20th. The company reported C$0.06 EPS for the quarter. Diversified Royalty had a return on equity of 12.71% and a net margin of 51.82%.The firm had revenue of C$20.41 million during the quarter. On average, analysts anticipate that Diversified Royalty will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Desjardins increased their price objective on Diversified Royalty from C$4.00 to C$4.50 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$4.03.

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.