Diversified Royalty (TSE:DIV) Hits New 1-Year Low – Should You Sell?

Diversified Royalty Corp. (TSE:DIV)’s share price hit a new 52-week low during trading on Monday . The company traded as low as C$2.50 and last traded at C$2.73, with a volume of 848831 shares. The stock had previously closed at C$2.79.

Diversified Royalty Stock Down 2.2 %

The company has a 50-day moving average of C$2.91 and a two-hundred day moving average of C$2.91. The company has a debt-to-equity ratio of 89.69, a current ratio of 5.73 and a quick ratio of 1.74. The company has a market capitalization of C$451.68 million, a PE ratio of 13.00 and a beta of 1.57.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.04. Diversified Royalty had a return on equity of 12.02% and a net margin of 51.17%. During the same quarter in the previous year, the company posted $0.05 EPS. Sell-side analysts anticipate that Diversified Royalty Corp. will post 0.2 earnings per share for the current fiscal year.

Diversified Royalty Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a $0.0208 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 9.14%. Diversified Royalty’s payout ratio is currently 119.05%.

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.