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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Tuesday, September 3rd, Zacks reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.021 per share on Friday, September 27th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date of this dividend is Friday, September 13th.

Diversified Royalty Trading Down 0.4 %

TSE DIV traded down C$0.01 during mid-day trading on Thursday, reaching C$2.83. 59,120 shares of the stock were exchanged, compared to its average volume of 228,054. The stock has a market capitalization of C$468.22 million, a PE ratio of 13.48 and a beta of 1.57. The company has a debt-to-equity ratio of 89.69, a quick ratio of 1.74 and a current ratio of 5.73. Diversified Royalty has a 1-year low of C$2.35 and a 1-year high of C$2.97. The business’s fifty day simple moving average is C$2.77 and its 200 day simple moving average is C$2.79.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings data on Friday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.05. The business had revenue of C$16.78 million for the quarter, compared to analysts’ expectations of C$17.50 million. Diversified Royalty had a return on equity of 12.02% and a net margin of 51.17%. On average, research analysts anticipate that Diversified Royalty will post 0.1949384 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on DIV shares. CIBC cut Diversified Royalty from an “outperform” rating to a “neutral” rating in a report on Monday, May 13th. Cibc World Mkts downgraded shares of Diversified Royalty from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th.

Diversified Royalty Company Profile

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.