Diversified Royalty Corp (DIV) Stock Rating Reaffirmed by Beacon Securities
Separately, Paradigm Capital reduced their price objective on Diversified Royalty Corp from C$3.50 to C$3.00 and set a “buy” rating on the stock in a research note on Friday, September 2nd.
Diversified Royalty Corp (TSE:DIV) traded up 1.24% during trading on Thursday, hitting $2.45. The stock had a trading volume of 105,782 shares. Diversified Royalty Corp has a 52 week low of $1.96 and a 52 week high of $2.60. The company has a market cap of $278.86 million and a price-to-earnings ratio of 27.53. The company has a 50-day moving average of $2.48 and a 200 day moving average of $2.33.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.0185 per share. The ex-dividend date is Thursday, November 10th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 9.17%.
In other news, Director Kevin Arnold Giese sold 49,500 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of C$2.35, for a total transaction of C$116,325.00. Also, Director Lance Tracey sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$2.42, for a total value of C$60,500.00.
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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