Haywood Securities Analysts Cut Earnings Estimates for Diversified Royalty Corp (DIV)
Diversified Royalty Corp (TSE:DIV) – Haywood Securities decreased their Q4 2017 earnings estimates for Diversified Royalty Corp in a research note issued to investors on Wednesday. Haywood Securities analyst C. Healey now anticipates that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.07.
Several other research analysts have also recently issued reports on DIV. Pi Financial upped their price target on Diversified Royalty Corp from C$3.25 to C$4.25 and gave the company a “buy” rating in a report on Monday, November 13th. CIBC lifted their price objective on shares of Diversified Royalty Corp from C$3.00 to C$3.75 in a research report on Tuesday, October 17th.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.0185 per share. This represents a $0.22 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend is Tuesday, November 14th. Diversified Royalty Corp’s payout ratio is 247.20%.
Diversified Royalty Corp Company Profile
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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