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

Diversified Royalty Corp (TSE:DIV) announced a monthly dividend on Thursday, June 13th, TickerTech reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.0185 per share on Friday, June 28th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date is Thursday, June 13th.

Shares of DIV stock traded down C$0.01 during trading hours on Wednesday, reaching C$3.14. The company’s stock had a trading volume of 55,573 shares, compared to its average volume of 138,706. The company has a market cap of $340.39 million and a PE ratio of 34.89. Diversified Royalty has a fifty-two week low of C$2.55 and a fifty-two week high of C$3.28. The company has a debt-to-equity ratio of 61.85, a quick ratio of 54.62 and a current ratio of 54.69.

Diversified Royalty (TSE:DIV) last issued its earnings results on Monday, March 11th. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$7.17 million during the quarter, compared to analyst estimates of C$7.22 million. On average, equities analysts predict that Diversified Royalty will post 0.19 EPS for the current fiscal year.

Separately, Pi Financial reduced their target price on Diversified Royalty from C$4.25 to C$4.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th.

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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 primarily holds the Canadian and United States trademarks and other intellectual property rights related to the Original Joe's, Elephant & Castle, and State & Main restaurant businesses.

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Dividend History for Diversified Royalty (TSE:DIV)

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