Diversified Royalty (TSE:DIV) Rating Increased to Moderate Buy at Desjardins

Desjardins upgraded shares of Diversified Royalty (TSE:DIV) to a moderate buy rating in a research report released on Tuesday morning,Zacks.com reports.

Diversified Royalty Price Performance

Diversified Royalty stock opened at C$2.83 on Tuesday. The business has a 50 day simple moving average of C$2.86 and a 200 day simple moving average of C$2.92. Diversified Royalty has a one year low of C$2.50 and a one year high of C$3.09. The company has a market capitalization of C$432.65 million, a PE ratio of 14.77 and a beta of 1.57. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74.

Diversified Royalty Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be issued a $0.0208 dividend. This represents a $0.25 annualized dividend and a dividend yield of 8.82%. The ex-dividend date is Friday, February 14th. Diversified Royalty’s payout ratio is 130.49%.

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.