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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.0208 per share on Friday, January 31st. This represents a $0.25 annualized dividend and a yield of 8.61%. The ex-dividend date is Wednesday, January 15th.

Diversified Royalty Stock Performance

Diversified Royalty stock traded down C$0.02 during mid-day trading on Monday, hitting C$2.90. The company had a trading volume of 152,589 shares, compared to its average volume of 194,860. The company has a current ratio of 5.73, a quick ratio of 1.74 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’s fifty day moving average is C$2.97 and its 200-day moving average is C$2.90. The company has a market capitalization of C$479.81 million, a price-to-earnings ratio of 13.81 and a beta of 1.57.

Wall Street Analyst Weigh In

DIV has been the subject of several research analyst reports. Ventum Financial set a C$4.00 target price on Diversified Royalty and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ventum Cap Mkts raised Diversified Royalty to a “strong-buy” rating in a research note on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.