FY2017 EPS Estimates for Diversified Royalty Corp Lifted by Analyst (DIV)
Diversified Royalty Corp (TSE:DIV) – Stock analysts at Cormark raised their FY2017 EPS estimates for Diversified Royalty Corp in a research report issued on Monday. Cormark analyst G. Fairweather now forecasts that the company will post earnings per share of $0.11 for the year, up from their previous estimate of $0.09.
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Diversified Royalty Corp (DIV) opened at 2.62 on Wednesday. Diversified Royalty Corp has a 52 week low of $2.20 and a 52 week high of $2.78. The firm’s 50-day moving average price is $2.39 and its 200-day moving average price is $2.56. The stock has a market cap of $277.58 million and a PE ratio of 29.11.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 8.70%. The ex-dividend date is Friday, August 11th. This is an increase from Diversified Royalty Corp’s previous monthly dividend of $0.02.
About Diversified Royalty Corp
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp. in October 2014. Diversified Royalty Corp.
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