Diversified Royalty Corp Declares Monthly Dividend of $0.02 (DIV)

Diversified Royalty Corp (TSE:DIV) announced a monthly dividend on Monday, February 12th, TickerTech reports. Investors of record on Wednesday, February 28th will be paid a dividend of 0.0185 per share on Wednesday, February 28th. This represents a $0.22 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Monday, February 12th.

Shares of Diversified Royalty (TSE:DIV) traded up C$0.04 during trading on Wednesday, reaching C$3.34. The company had a trading volume of 163,530 shares, compared to its average volume of 183,862. Diversified Royalty has a fifty-two week low of C$2.20 and a fifty-two week high of C$3.74. The company has a market cap of $344.30, a PE ratio of 37.11 and a beta of 0.63.

Diversified Royalty (TSE:DIV) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$0.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.03. Diversified Royalty had a return on equity of 5.29% and a net margin of 59.32%.

Several equities research analysts have recently weighed in on DIV shares. Pi Financial upped their price target on Diversified Royalty from C$3.25 to C$4.25 and gave the company a “buy” rating in a research report on Monday, November 13th. CIBC upped their price target on Diversified Royalty from C$3.00 to C$3.75 in a research report on Tuesday, October 17th.

In other news, Director Mitchell Harold Gropper sold 28,500 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$3.45, for a total transaction of C$98,325.00.

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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. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp. in October 2014. Diversified Royalty Corp.

Dividend History for Diversified Royalty (TSE:DIV)

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