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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.0208 per share on Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date of this dividend is Friday, February 14th.

Diversified Royalty Stock Performance

Shares of TSE:DIV remained flat at C$2.84 during mid-day trading on Wednesday. The company had a trading volume of 15,050 shares, compared to its average volume of 251,021. The business has a 50-day moving average of C$2.89 and a 200 day moving average of C$2.91. Diversified Royalty has a 12 month low of C$2.50 and a 12 month high of C$3.09. The firm has a market cap of C$469.88 million, a P/E ratio of 13.52 and a beta of 1.57. The company has a debt-to-equity ratio of 89.69, a quick ratio of 1.74 and a current ratio of 5.73.

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.