Diversified Royalty Corp. (DIV) to Issue Monthly Dividend of $0.02 on October 30th

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Thursday, October 15th. Investors of record on Friday, October 30th will be given a dividend of $0.0238 per share on Friday, October 30th. This represents a $0.29 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Thursday, October 15th.

Diversified Royalty Stock Performance

Shares of TSE DIV opened at C$4.08 on Tuesday. The company has a debt-to-equity ratio of 212.48, a quick ratio of 1.74 and a current ratio of 0.49. The company has a market cap of C$770.12 million, a P/E ratio of 24.00 and a beta of 0.95. The firm’s fifty day moving average is C$4.17 and its two-hundred day moving average is C$4.39. Diversified Royalty has a 52-week low of C$3.41 and a 52-week high of C$4.98.

Diversified Royalty (TSE:DIV) last announced its quarterly 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 business had revenue of C$19.48 million for the quarter. As a group, analysts anticipate that Diversified Royalty will post 0.20 EPS for the current fiscal year.

Insider Activity at Diversified Royalty

In related news, Director Johnny Ciampi acquired 100,000 shares of the stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of C$3.99 per share, with a total value of C$399,000.00. Following the purchase, the director directly owned 112,767 shares of the company’s stock, valued at approximately C$449,940.33. This trade 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 price of C$4.02 per share, with a total value of C$50,756.52. Following the acquisition, the insider owned 771,648 shares in the company, valued at approximately C$3,102,024.96. This trade represents a 1.66% increase in their position. Insiders own 0.52% of the company’s stock.

About Diversified Royalty

DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. DIV, through its subsidiary, Mr. Lube Canada Ltd., also operates the Mr. Lube + Tires franchisor business in Canada. Mr. Lube + Tires is the leading Canadian automotive service chain specializing in fast, drive-in drive-through, no-appointment-needed vehicle maintenance.