Diversified Royalty Corp. (DIV) to Distribute Monthly Dividend of $0.02 on August 31st

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, August 14th, TickerTech Dividends reports. Shareholders of record on Monday, August 31st will be given a dividend of 0.0238 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Friday, August 14th.

Diversified Royalty Price Performance

Shares of TSE DIV remained flat at C$4.57 during midday trading on Wednesday. The stock had a trading volume of 45,423 shares, compared to its average volume of 413,122. Diversified Royalty has a 12 month low of C$3.37 and a 12 month high of C$4.98. The company has a market cap of C$854.81 million, a PE ratio of 22.85 and a beta of 1.11. The company’s 50 day simple moving average is C$4.66 and its two-hundred day simple moving average is C$4.38. The company has a debt-to-equity ratio of 103.05, a quick ratio of 1.74 and a current ratio of 2.84.

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

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.