Diversified Royalty Corp. (DIV) to Issue Monthly Dividend of $0.02 on May 30th

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Thursday, May 15th, TickerTech Dividends reports. Investors of record on Friday, May 30th will be given a dividend of 0.0208 per share on Friday, May 30th. This represents a $0.25 annualized dividend and a yield of 8.40%. The ex-dividend date of this dividend is Thursday, May 15th.

Diversified Royalty Stock Up 0.7%

Diversified Royalty stock traded up C$0.02 during mid-day trading on Tuesday, hitting C$2.97. The company had a trading volume of 193,645 shares, compared to its average volume of 283,724. The company has a quick ratio of 1.74, a current ratio of 4.28 and a debt-to-equity ratio of 90.70. Diversified Royalty has a 1 year low of C$2.50 and a 1 year high of C$3.09. The business has a fifty day moving average of C$2.80 and a 200 day moving average of C$2.87. The stock has a market cap of C$454.05 million, a price-to-earnings ratio of 15.50 and a beta of 1.57.

Analyst Ratings Changes

A number of research firms recently issued reports on DIV. Desjardins set a C$3.75 price target on Diversified Royalty and gave the stock a “buy” rating in a research note on Wednesday, February 26th. CIBC increased their price objective on Diversified Royalty from C$3.00 to C$3.10 and gave the company a “neutral” rating in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$3.62.

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.