Diversified Royalty Corp (DIV) Forecasted to Post FY2017 Earnings of $0.11 Per Share
Diversified Royalty Corp (TSE:DIV) – Stock analysts at Cormark lifted their FY2017 earnings per share estimates for Diversified Royalty Corp in a research note issued to investors on Monday. Cormark analyst G. Fairweather now expects that the company will earn $0.11 per share for the year, up from their prior forecast of $0.09.
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Shares of Diversified Royalty Corp (TSE DIV) opened at 2.71 on Wednesday. The company has a market cap of $287.12 million and a P/E ratio of 30.11. The firm has a 50-day moving average of $2.39 and a 200 day moving average of $2.56. Diversified Royalty Corp has a 52 week low of $2.20 and a 52 week high of $2.78.
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 8.41%. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from Diversified Royalty Corp’s previous monthly dividend of $0.02.
Diversified Royalty Corp Company Profile
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp. in October 2014. Diversified Royalty Corp.
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