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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, May 15th, TickerTech Dividends reports. Stockholders of record on Friday, May 29th will be paid a dividend of 0.0238 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, May 15th.

Diversified Royalty Stock Performance

Shares of Diversified Royalty stock traded down C$0.01 on Wednesday, hitting C$4.29. 145,205 shares of the company’s stock were exchanged, compared to its average volume of 323,874. The company has a 50-day simple moving average of C$4.19 and a 200-day simple moving average of C$3.93. The stock has a market capitalization of C$733.63 million, a PE ratio of 20.43 and a beta of 1.07. Diversified Royalty has a 1 year low of C$2.87 and a 1 year high of C$4.42. The company has a debt-to-equity ratio of 88.76, a quick ratio of 1.74 and a current ratio of 0.68.

Diversified Royalty (TSE:DIV) last announced its quarterly earnings data on Friday, March 20th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$20.41 million for the quarter. Diversified Royalty had a net margin of 51.82% and a return on equity of 12.71%. As a group, equities analysts anticipate that Diversified Royalty will post 0.2 EPS 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.