Diversified Royalty Corp (DIV) to Issue Monthly Dividend of $0.02
Diversified Royalty Corp (TSE:DIV) announced a monthly dividend on Tuesday, December 12th, TickerTech reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.0185 per share on Friday, December 29th. This represents a $0.22 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Tuesday, December 12th.
Diversified Royalty (DIV) traded down C$0.03 during trading hours on Thursday, hitting C$3.49. The company had a trading volume of 158,480 shares, compared to its average volume of 365,161. Diversified Royalty has a twelve month low of C$2.20 and a twelve month high of C$3.60.
DIV has been the subject of several research analyst reports. Pi Financial upped their price target on shares of Diversified Royalty from C$3.25 to C$4.25 and gave the stock a “buy” rating in a report on Monday, November 13th. CIBC upped their target price on shares of Diversified Royalty from C$3.00 to C$3.75 in a report on Tuesday, October 17th.
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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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