Diversified Royalty Corp Plans Monthly Dividend of $0.02 (TSE:DIV)
Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Friday, October 11th, TickerTech reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.0185 per share on Thursday, October 31st. This represents a $0.22 annualized dividend and a yield of 7.99%. The ex-dividend date of this dividend is Friday, October 11th.
DIV stock opened at C$2.78 on Thursday. Diversified Royalty has a 1-year low of C$2.55 and a 1-year high of C$3.28. The firm has a market cap of $301.78 million and a P/E ratio of 30.89. The business’s 50 day moving average is C$2.80 and its 200-day moving average is C$3.02. The company has a current ratio of 8.74, a quick ratio of 8.71 and a debt-to-equity ratio of 70.25.
Diversified Royalty (TSE:DIV) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$7.55 million during the quarter. Sell-side analysts forecast that Diversified Royalty will post 0.2 EPS 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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