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

Key Points

• Diversified Royalty declared a monthly dividend of C$0.0238 per share for shareholders of record on August 31, representing a 6.3% annualized yield. The ex-dividend date is August 14.
• The stock recently traded at C$4.56, down 0.2%, with a market capitalization of approximately C$852.9 million. The company reported quarterly revenue of C$18.8 million and earnings of C$0.04 per share.
• Insiders have been selling shares: insiders sold 330,000 shares worth about C$1.58 million over the past 90 days, while insiders collectively own 0.52% of the company.

Diversified Royalty Corp. (TSE:DIV - Get Free Report) declared a monthly dividend on Friday, August 14th, TickerTech Dividends reports. Stockholders of record on Monday, August 31st will be given a dividend of 0.0238 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, August 14th.

Diversified Royalty Trading Down 0.2%

Shares of Diversified Royalty stock traded down C$0.01 on Wednesday, hitting C$4.56. The stock had a trading volume of 18,942 shares, compared to its average volume of 412,988. The stock has a 50 day moving average of C$4.66 and a 200 day moving average of C$4.38. The firm has a market capitalization of C$852.94 million, a P/E ratio of 22.80 and a beta of 1.11. Diversified Royalty has a twelve month low of C$3.37 and a twelve month high of C$4.98. The company has a debt-to-equity ratio of 103.05, a quick ratio of 1.74 and a current ratio of 2.84.

Diversified Royalty (TSE:DIV - Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported C$0.04 EPS for the quarter. Diversified Royalty had a net margin of 49.91% and a return on equity of 12.54%. The business had revenue of C$18.80 million for the quarter. Sell-side analysts expect that Diversified Royalty will post 0.2 earnings per share for the current fiscal year.

Insider Activity at Diversified Royalty

In other news, Director Johnny Ciampi sold 152,996 shares of the business's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of C$4.77, for a total value of C$729,790.92. Following the transaction, the director directly owned 839,469 shares of the company's stock, valued at C$4,004,267.13. The trade was a 15.42% decrease in their position. Also, insider Greg Gutmanis sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of C$4.85, for a total value of C$145,500.00. Following the sale, the insider directly owned 204,185 shares of the company's stock, valued at C$990,297.25. This represents a 12.81% decrease in their position. In the last 90 days, insiders have sold 330,000 shares of company stock valued at $1,576,500. Company insiders own 0.52% of the company's stock.

Diversified Royalty Company Profile

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. All of the company's operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.

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