Diversified Royalty Corp Declares Monthly Dividend of C$0.02 (DIV)
Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Wednesday, October 12th. Shareholders of record on Monday, October 31st will be given a dividend of 0.0185 per share on Monday, October 31st. This represents a $0.22 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date of this dividend is Wednesday, October 12th.
Diversified Royalty Corp (TSE:DIV) traded up 1.67% on Friday, reaching $2.44. 626,428 shares of the company’s stock were exchanged. Diversified Royalty Corp has a 1-year low of $1.96 and a 1-year high of $2.79. The stock’s 50 day moving average price is $2.38 and its 200 day moving average price is $2.28. The firm has a market capitalization of $277.72 million and a price-to-earnings ratio of 27.42.
Separately, Paradigm Capital decreased their price objective on shares of Diversified Royalty Corp from C$4.00 to C$3.50 and set a “buy” rating for the company in a research note on Wednesday, August 17th.
In other news, Director Lance Tracey sold 25,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of C$2.42, for a total value of C$60,500.00. Also, Director Kevin Arnold Giese sold 49,500 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of C$2.35, for a total transaction of C$116,325.00.
Diversified Royalty Corp Company Profile
Diversified Royalty Corp. (DIV), formerly BENEV Capital Inc, is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America (Royalty Partners). Its primary objectives are to purchase stable and growing royalty streams from Royalty Partners, and increase distributable cash per Share by making accretive royalty purchases.
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