Diversified Royalty Corp. (TSE:DIV - Free Report) - Stock analysts at Cormark boosted their FY2025 earnings per share (EPS) estimates for shares of Diversified Royalty in a research report issued on Friday, May 16th. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $0.20 per share for the year, up from their previous forecast of $0.19. The consensus estimate for Diversified Royalty's current full-year earnings is $0.20 per share.
Several other research analysts also recently weighed in on DIV. Desjardins set a C$3.75 target price on Diversified Royalty and gave the stock a "buy" rating in a research note on Wednesday, February 26th. CIBC upped their price objective on shares of Diversified Royalty from C$3.00 to C$3.10 and gave the stock a "neutral" rating in a research report on Tuesday, March 25th.
Check Out Our Latest Stock Analysis on DIV
Diversified Royalty Stock Performance
Shares of DIV stock opened at C$2.97 on Monday. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70. Diversified Royalty has a 12-month low of C$2.50 and a 12-month high of C$3.09. The business's 50 day moving average is C$2.81 and its two-hundred day moving average is C$2.87. The company has a market capitalization of C$454.05 million, a P/E ratio of 15.50 and a beta of 1.57.
Diversified Royalty Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 30th will be given a $0.0208 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.25 annualized dividend and a dividend yield of 8.40%. Diversified Royalty's dividend payout ratio (DPR) is presently 130.49%.
About Diversified Royalty
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Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments.
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