Diversified Royalty Corp (DIV) to Post FY2017 Earnings of $0.14 Per Share, Beacon Securities Forecasts
Diversified Royalty Corp (TSE:DIV) – Equities researchers at Beacon Securities boosted their FY2017 earnings estimates for shares of Diversified Royalty Corp in a report issued on Tuesday. Beacon Securities analyst D. Cooper now forecasts that the company will earn $0.14 per share for the year, up from their prior forecast of $0.13.
Separately, CIBC increased their target price on Diversified Royalty Corp from C$3.00 to C$3.75 in a report on Tuesday.
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Diversified Royalty Corp (DIV) opened at 3.49 on Thursday. The company has a market capitalization of $369.76 million and a PE ratio of 38.78. Diversified Royalty Corp has a 12 month low of $2.20 and a 12 month high of $3.51. The company has a 50-day moving average price of $3.02 and a 200 day moving average price of $2.67.
The business also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be issued a dividend of $0.019 per share. This is a positive change from Diversified Royalty Corp’s previous monthly dividend of $0.02. This represents a $0.23 annualized dividend and a dividend yield of 6.53%. The ex-dividend date is Friday, October 13th.
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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