Diversified Royalty Corp (TSE:DIV) Announces Monthly Dividend of $0.02

Diversified Royalty Corp (TSE:DIV) announced a monthly dividend on Thursday, June 13th, TickerTech reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.0185 per share on Friday, June 28th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date of this dividend is Thursday, June 13th.

Shares of DIV traded down C$0.01 during mid-day trading on Wednesday, reaching C$3.14. The company’s stock had a trading volume of 55,573 shares, compared to its average volume of 138,706. Diversified Royalty has a 1-year low of C$2.55 and a 1-year high of C$3.28. The stock has a market cap of $340.39 million and a price-to-earnings ratio of 34.89. The company has a quick ratio of 54.62, a current ratio of 54.69 and a debt-to-equity ratio of 61.85.

Diversified Royalty (TSE:DIV) last released its quarterly earnings data on Monday, March 11th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$7.17 million during the quarter, compared to analyst estimates of C$7.22 million. As a group, analysts expect that Diversified Royalty will post 0.19 earnings per share for the current year.

Separately, Pi Financial cut their price objective on Diversified Royalty from C$4.25 to C$4.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th.

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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. It primarily holds the Canadian and United States trademarks and other intellectual property rights related to the Original Joe's, Elephant & Castle, and State & Main restaurant businesses.

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Dividend History for Diversified Royalty (TSE:DIV)

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