Diversified Royalty Corp. (TSE:DIV) Declares Monthly Dividend of $0.02

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, February 13th, TickerTech Dividends reports. Stockholders of record on Friday, February 27th will be given a dividend of 0.0238 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Friday, February 13th.

Diversified Royalty Stock Up 0.2%

DIV opened at C$4.07 on Friday. Diversified Royalty has a 1 year low of C$2.57 and a 1 year high of C$4.10. The firm has a 50 day moving average price of C$3.85 and a 200 day moving average price of C$3.65. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28. The company has a market cap of C$694.93 million, a PE ratio of 23.94 and a beta of 0.99.

Diversified Royalty (TSE:DIV) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.05 earnings per share (EPS) for the quarter. Diversified Royalty had a net margin of 49.25% and a return on equity of 11.46%. The company had revenue of C$19.59 million during the quarter. Sell-side analysts expect that Diversified Royalty will post 0.2 earnings per share for the current year.

Diversified Royalty Company Profile

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.