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

Key Points

• Dividend: Diversified Royalty declared a monthly dividend of C$0.0238 per share (ex-dividend date Apr 15, payable to record holders on Apr 30), implying an annualized yield of about 6.6%.
• Recent results showed C$0.06 EPS and C$20.41M in revenue for the quarter with a 51.82% net margin, and analysts are moderately bullish—Desjardins raised its price target to C$4.50 and the consensus rating is a "Moderate Buy" with a C$4.03 target.

Diversified Royalty Corp. (TSE:DIV - Get Free Report) announced a monthly dividend on Wednesday, April 15th, TickerTech Dividends reports. Stockholders of record on Thursday, April 30th will be paid a dividend of 0.0238 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, April 15th.

Diversified Royalty Price Performance

Shares of TSE:DIV traded down C$0.03 during trading on Monday, hitting C$4.33. 209,565 shares of the stock were exchanged, compared to its average volume of 332,596. The company has a fifty day moving average price of C$4.12 and a two-hundred day moving average price of C$3.83. The company has a market cap of C$740.47 million, a PE ratio of 20.62 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 1.74 and a debt-to-equity ratio of 88.76. Diversified Royalty has a 12-month low of C$2.73 and a 12-month high of C$4.42.

Diversified Royalty (TSE:DIV - Get Free Report) last announced its quarterly earnings results on Friday, March 20th. The company reported C$0.06 EPS for the quarter. The business had revenue of C$20.41 million for the quarter. Diversified Royalty had a return on equity of 12.71% and a net margin of 51.82%. On average, analysts forecast that Diversified Royalty will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Desjardins boosted their price target on Diversified Royalty from C$4.00 to C$4.50 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$4.03.

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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