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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Wednesday, July 15th, TickerTech Dividends reports. Investors of record on Friday, July 31st will be paid a dividend of 0.0238 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Wednesday, July 15th.

Diversified Royalty Stock Performance

Diversified Royalty stock opened at C$4.62 on Monday. The company has a quick ratio of 1.74, a current ratio of 2.84 and a debt-to-equity ratio of 103.05. The company has a market capitalization of C$864.16 million, a PE ratio of 23.10 and a beta of 1.11. The firm has a fifty day simple moving average of C$4.66 and a two-hundred day simple moving average of C$4.27. Diversified Royalty has a twelve month low of C$3.20 and a twelve month high of C$4.98.

Diversified Royalty (TSE:DIV) last announced its earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share (EPS) for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%.The firm had revenue of C$18.80 million during the quarter. Research analysts expect that Diversified Royalty will post 0.2 EPS for the current year.

Insider Buying and Selling at Diversified Royalty

In other Diversified Royalty news, Director Johnny Ciampi sold 152,996 shares of Diversified Royalty stock in a transaction dated Monday, June 8th. The shares were sold at an average price of C$4.77, for a total transaction of C$729,790.92. Following the completion of the transaction, the director owned 839,469 shares in the company, valued at approximately C$4,004,267.13. The trade was a 15.42% decrease in their ownership of the stock. Also, insider Greg Gutmanis sold 30,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of C$4.85, for a total value of C$145,500.00. Following the completion of the sale, the insider owned 204,185 shares in the company, valued at C$990,297.25. This represents a 12.81% decrease in their ownership of the stock. Insiders sold a total of 330,000 shares of company stock worth $1,576,500 over the last three months. 0.52% of the stock is currently owned by corporate insiders.

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. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.