Diversified Royalty Corp. (DIV) to Issue Monthly Dividend of $0.02 on December 31st

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, December 13th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.0208 per share on Tuesday, December 31st. This represents a $0.25 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date of this dividend is Friday, December 13th.

Diversified Royalty Stock Performance

Shares of DIV remained flat at C$3.01 on Wednesday. 72,599 shares of the company were exchanged, compared to its average volume of 225,534. The firm has a market cap of C$498.00 million, a PE ratio of 14.29 and a beta of 1.57. The company has a quick ratio of 1.74, a current ratio of 5.73 and a debt-to-equity ratio of 89.69. Diversified Royalty has a 12 month low of C$2.61 and a 12 month high of C$3.09. The company has a fifty day moving average of C$3.01 and a two-hundred day moving average of C$2.86.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Ventum Financial set a C$4.00 price target on Diversified Royalty and gave the stock a “buy” rating in a report on Tuesday, September 24th. Ventum Cap Mkts upgraded shares of Diversified Royalty to a “strong-buy” rating in a report on Tuesday, September 24th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$3.80.

About Diversified Royalty

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.