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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, December 13th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.0208 per share on Tuesday, December 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date of this dividend is Friday, December 13th.

Diversified Royalty Price Performance

Shares of DIV traded down C$0.01 during mid-day trading on Wednesday, hitting C$3.00. 50,773 shares of the stock were exchanged, compared to its average volume of 225,429. The company has a market cap of C$496.35 million, a PE ratio of 14.33 and a beta of 1.57. Diversified Royalty has a 52-week low of C$2.61 and a 52-week high of C$3.09. The firm has a 50-day moving average of C$3.01 and a two-hundred day moving average of C$2.86. The company has a debt-to-equity ratio of 89.69, a quick ratio of 1.74 and a current ratio of 5.73.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DIV shares. Ventum Cap Mkts raised Diversified Royalty to a “strong-buy” rating in a research report on Tuesday, September 24th. Ventum Financial set a C$4.00 price objective on Diversified Royalty and gave the company a “buy” rating in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$3.80.

About Diversified Royalty

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.