Diversified Royalty Corp (DIV) to Issue Monthly Dividend of $0.02 on August 30th
Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Wednesday, August 14th, TickerTech reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.0185 per share on Friday, August 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date is Wednesday, August 14th.
Shares of TSE:DIV traded down C$0.05 on Monday, reaching C$2.83. 41,510 shares of the company were exchanged, compared to its average volume of 158,237. The company has a current ratio of 54.69, a quick ratio of 54.62 and a debt-to-equity ratio of 61.85. Diversified Royalty has a 1-year low of C$2.55 and a 1-year high of C$3.28. The company has a market capitalization of $311.21 million and a price-to-earnings ratio of 31.44. The stock’s 50-day simple moving average is C$2.98.
Diversified Royalty (TSE:DIV) last released its earnings results on Thursday, May 9th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$6.40 million during the quarter. As a group, analysts expect that Diversified Royalty will post 0.2 earnings per share for the current year.
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It primarily holds the Canadian and United States trademarks and other intellectual property rights related to the Original Joe's, Elephant & Castle, and State & Main restaurant businesses.
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