Cormark Research Analysts Lower Earnings Estimates for Diversified Royalty Corp (DIV)
Diversified Royalty Corp (TSE:DIV) – Research analysts at Cormark lowered their FY2017 earnings estimates for Diversified Royalty Corp in a report released on Wednesday. Cormark analyst G. Fairweather now anticipates that the company will post earnings of $0.09 per share for the year, down from their previous forecast of $0.12.
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Diversified Royalty Corp (TSE DIV) opened at 2.32 on Thursday. The stock’s 50 day moving average is $2.44 and its 200-day moving average is $2.57. Diversified Royalty Corp has a 52-week low of $2.20 and a 52-week high of $2.78. The company has a market cap of $245.48 million and a PE ratio of 25.78.
The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.019 per share. This is a positive change from Diversified Royalty Corp’s previous monthly dividend of $0.02. The ex-dividend date is Friday, August 11th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 9.83%.
About Diversified Royalty Corp
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp. in October 2014. Diversified Royalty Corp.
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