Diversified Royalty Corp. (TSE:DIV - Get Free Report) announced a monthly dividend on Friday, June 13th, TickerTech Dividends reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.0208 per share on Monday, June 30th. This represents a $0.25 annualized dividend and a yield of 8.52%. The ex-dividend date is Friday, June 13th.
Diversified Royalty Price Performance
Diversified Royalty stock traded down C$0.04 during trading hours on Friday, hitting C$2.93. The stock had a trading volume of 361,655 shares, compared to its average volume of 285,797. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74. The stock has a market capitalization of C$447.94 million, a price-to-earnings ratio of 15.29 and a beta of 1.57. Diversified Royalty has a 1-year low of C$2.50 and a 1-year high of C$3.09. The stock's fifty day moving average is C$2.89 and its two-hundred day moving average is C$2.86.
Analysts Set New Price Targets
DIV has been the topic of several research reports. CIBC upped their target price on Diversified Royalty from C$3.00 to C$3.10 and gave the company a "neutral" rating in a report on Tuesday, March 25th. Desjardins set a C$3.75 price objective on Diversified Royalty and gave the company a "buy" rating in a research note on Wednesday, February 26th.
Read Our Latest Analysis on DIV
Diversified Royalty Company Profile
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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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