Diversified Royalty Corp Declares Monthly Dividend of C$0.02 (DIV)
Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Wednesday, October 12th. Stockholders of record on Monday, October 31st will be paid a dividend of 0.0185 per share on Monday, October 31st. This represents a $0.22 annualized dividend and a dividend yield of 9.10%. The ex-dividend date of this dividend is Wednesday, October 12th.
Shares of Diversified Royalty Corp (TSE:DIV) traded up 1.67% on Friday, hitting $2.44. 626,428 shares of the stock traded hands. Diversified Royalty Corp has a 12-month low of $1.96 and a 12-month high of $2.79. The stock has a 50-day moving average price of $2.38 and a 200 day moving average price of $2.28. The stock has a market cap of $277.72 million and a price-to-earnings ratio of 27.42.
Separately, Paradigm Capital decreased their target price on shares of Diversified Royalty Corp from C$3.50 to C$3.00 and set a “buy” rating for the company in a report on Friday, September 2nd.
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In other news, Director Kevin Arnold Giese sold 49,500 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$2.35, for a total value of C$116,325.00. Also, Director Lance Tracey sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$2.42, for a total transaction of C$60,500.00.
About Diversified Royalty Corp
Diversified Royalty Corp. (DIV), formerly BENEV Capital Inc, is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America (Royalty Partners). Its primary objectives are to purchase stable and growing royalty streams from Royalty Partners, and increase distributable cash per Share by making accretive royalty purchases.
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