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

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Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Friday, June 12th, TickerTech reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.0167 per share on Tuesday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 10.55%. The ex-dividend date is Friday, June 12th.

Shares of DIV stock traded down C$0.16 on Thursday, hitting C$1.90. The stock had a trading volume of 309,219 shares, compared to its average volume of 461,369. Diversified Royalty has a twelve month low of C$1.17 and a twelve month high of C$3.44. The firm has a market cap of $233.10 million and a P/E ratio of 19.30. The company has a current ratio of 7.58, a quick ratio of 7.56 and a debt-to-equity ratio of 70.63. The company has a fifty day moving average price of C$1.75 and a two-hundred day moving average price of C$2.54.

Diversified Royalty (TSE:DIV) last announced its earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.04. The company had revenue of C$7.26 million during the quarter, compared to analyst estimates of C$8.50 million. On average, analysts expect that Diversified Royalty will post 0.17 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. Canaccord Genuity lowered shares of Diversified Royalty from a “buy” rating to a “speculative buy” rating in a research note on Friday, April 24th. CIBC reduced their target price on shares of Diversified Royalty from C$3.75 to C$2.75 in a research note on Wednesday, April 1st. Finally, Pi Financial reduced their target price on shares of Diversified Royalty from C$3.75 to C$3.25 and set a “buy” rating for the company in a research note on Sunday, May 17th.

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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