Diversified Royalty Corp. (TSE:DIV) Shares to Pay Monthly Dividend of $0.02

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Thursday, October 15th. Investors of record on Friday, October 30th will be paid a dividend of $0.0238 per share on Friday, October 30th. This represents a $0.29 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Thursday, October 15th.

Diversified Royalty Stock Performance

Shares of TSE DIV opened at C$4.08 on Tuesday. Diversified Royalty has a 12-month low of C$3.41 and a 12-month high of C$4.98. The company has a market cap of C$770.12 million, a price-to-earnings ratio of 24.00 and a beta of 0.95. The company has a current ratio of 0.49, a quick ratio of 1.74 and a debt-to-equity ratio of 212.48. The stock’s 50 day simple moving average is C$4.17 and its 200 day simple moving average is C$4.39.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$19.48 million during the quarter. Diversified Royalty had a return on equity of 10.39% and a net margin of 39.72%. Equities research analysts expect that Diversified Royalty will post 0.20 EPS for the current year.

Insider Buying and Selling at Diversified Royalty

In other Diversified Royalty news, Director Johnny Ciampi purchased 100,000 shares of Diversified Royalty stock in a transaction on Friday, August 14th. The stock was bought at an average price of C$3.99 per share, for a total transaction of C$399,000.00. Following the transaction, the director owned 112,767 shares of the company’s stock, valued at C$449,940.33. The trade was a 783.27% increase in their position. Also, insider Sean Morrison purchased 12,626 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of C$4.02 per share, with a total value of C$50,756.52. Following the purchase, the insider owned 771,648 shares of the company’s stock, valued at approximately C$3,102,024.96. This represents a 1.66% increase in their position. 0.52% of the stock is owned by insiders.

Diversified Royalty Company Profile

DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. DIV, through its subsidiary, Mr. Lube Canada Ltd., also operates the Mr. Lube + Tires franchisor business in Canada. Mr. Lube + Tires is the leading Canadian automotive service chain specializing in fast, drive-in drive-through, no-appointment-needed vehicle maintenance.