Diversified Royalty Corp (DIV) to Issue Monthly Dividend of $0.02 on July 31st

Diversified Royalty Corp (TSE:DIV) announced a monthly dividend on Friday, July 12th, TickerTech reports. Stockholders of record on Wednesday, July 31st will be given a dividend of 0.0185 per share on Wednesday, July 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date is Friday, July 12th.

Shares of DIV stock traded up C$0.04 during trading hours on Wednesday, reaching C$3.00. 33,632 shares of the stock traded hands, compared to its average volume of 145,921. Diversified Royalty has a 1-year low of C$2.55 and a 1-year high of C$3.28. The firm has a fifty day moving average of C$3.12. The company has a debt-to-equity ratio of 61.85, a current ratio of 54.69 and a quick ratio of 54.62. The firm has a market capitalization of $331.74 million and a price-to-earnings ratio of 33.33.

Diversified Royalty (TSE:DIV) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$6.40 million during the quarter. As a group, analysts forecast that Diversified Royalty will post 0.2 earnings per share for the current year.

Separately, Pi Financial dropped their price objective on shares of Diversified Royalty from C$4.25 to C$4.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th.

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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