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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be given a dividend of 0.0238 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Tuesday, September 15th.

Diversified Royalty Stock Performance

TSE DIV traded up C$0.03 during trading on Friday, reaching C$4.11. The company’s stock had a trading volume of 195,153 shares, compared to its average volume of 475,856. The company has a current ratio of 0.49, a quick ratio of 1.74 and a debt-to-equity ratio of 212.48. The firm has a market capitalization of C$775.79 million, a price-to-earnings ratio of 24.18 and a beta of 1.06. Diversified Royalty has a 12 month low of C$3.41 and a 12 month high of C$4.98. The firm has a 50 day moving average price of C$4.36 and a 200 day moving average price of C$4.40.

Diversified Royalty (TSE:DIV) last announced its earnings results on Wednesday, August 12th. The company reported C$0.02 EPS for the quarter. Diversified Royalty had a net margin of 39.72% and a return on equity of 10.39%. The company had revenue of C$19.48 million for the quarter. As a group, equities analysts anticipate that Diversified Royalty will post 0.2 EPS for the current fiscal year.

Insider Activity at Diversified Royalty

In other Diversified Royalty news, Director Johnny Ciampi acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of C$3.99 per share, for a total transaction of C$399,000.00. Following the transaction, the director directly owned 112,767 shares in the company, valued at C$449,940.33. This represents a 783.27% increase in their ownership of the stock. Also, insider Sean Morrison bought 12,626 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of C$4.02 per share, with a total value of C$50,756.52. Following the acquisition, the insider directly owned 771,648 shares of the company’s stock, valued at approximately C$3,102,024.96. The trade was a 1.66% increase in their position. 0.52% of the stock is currently owned by 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.