Diversified Royalty Corp. Declares Monthly Dividend of $0.02 (TSE:DIV)

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.0208 per share on Monday, March 31st. This represents a $0.25 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date of this dividend is Friday, March 14th.

Diversified Royalty Trading Down 0.4 %

Shares of TSE:DIV traded down C$0.01 during trading on Wednesday, hitting C$2.76. 123,453 shares of the company’s stock were exchanged, compared to its average volume of 260,692. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70. The firm has a market cap of C$421.95 million, a P/E ratio of 14.41 and a beta of 1.57. The firm has a 50-day moving average price of C$2.84 and a two-hundred day moving average price of C$2.91. Diversified Royalty has a 1-year low of C$2.50 and a 1-year high of C$3.09.

Analyst Ratings Changes

Separately, Desjardins set a C$3.75 price objective on Diversified Royalty and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Diversified Royalty presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.88.

About Diversified Royalty

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.