What is Desjardins’ Estimate for TSE:DIV FY2024 Earnings?

Diversified Royalty Corp. (TSE:DIV) – Investment analysts at Desjardins issued their FY2024 earnings per share (EPS) estimates for Diversified Royalty in a note issued to investors on Tuesday, February 25th. Desjardins analyst G. Ho expects that the company will post earnings per share of $0.18 for the year. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Diversified Royalty’s current full-year earnings is $0.20 per share. Desjardins also issued estimates for Diversified Royalty’s Q4 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.04 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.05 EPS, FY2025 earnings at $0.20 EPS, FY2026 earnings at $0.21 EPS and FY2026 earnings at $0.21 EPS.

Diversified Royalty Stock Performance

Shares of DIV stock opened at C$2.81 on Friday. The business’s 50-day moving average price is C$2.86 and its 200-day moving average price is C$2.92. 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 capitalization of C$429.59 million, a price-to-earnings ratio of 14.67 and a beta of 1.57. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70.

Diversified Royalty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be paid a $0.0208 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.88%. The ex-dividend date of this dividend is Friday, February 14th. Diversified Royalty’s dividend payout ratio is currently 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.