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

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

Diversified Royalty Price Performance

DIV stock traded up C$0.01 during midday trading on Friday, reaching C$4.07. The company had a trading volume of 498,409 shares, compared to its average volume of 288,630. Diversified Royalty has a 1-year low of C$2.57 and a 1-year high of C$4.10. The stock has a 50 day moving average price of C$3.84 and a 200-day moving average price of C$3.64. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74. The company has a market capitalization of C$694.93 million, a price-to-earnings ratio of 23.94 and a beta of 0.99.

Diversified Royalty (TSE:DIV) last announced 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 firm had revenue of C$19.59 million for the quarter. Equities research analysts expect that Diversified Royalty will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DIV. Desjardins upped their price target on shares of Diversified Royalty from C$4.00 to C$4.50 and gave the stock a “buy” rating in a report on Tuesday. Canadian Imperial Bank of Commerce upped their price objective on Diversified Royalty from C$3.50 to C$4.00 in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$4.03.

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.