Diversified Royalty Corp. (TSE:DIV) to Issue $0.02 Monthly Dividend

Diversified Royalty Corp. (TSE:DIV - Get Free Report) announced a monthly dividend on Friday, June 13th, TickerTech Dividends reports. Investors of record on Monday, June 30th will be paid a dividend of 0.0208 per share on Monday, June 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date is Friday, June 13th.

Diversified Royalty Stock Down 0.7%

Shares of TSE:DIV traded down C$0.02 during trading on Friday, reaching C$2.93. The stock had a trading volume of 62,021 shares, compared to its average volume of 282,953. The firm's 50-day simple moving average is C$2.88 and its 200 day simple moving average is C$2.86. 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 one year low of C$2.50 and a one year high of C$3.09. The company has a market capitalization of C$447.94 million, a P/E ratio of 15.29 and a beta of 1.57.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Desjardins set a C$3.75 target price on shares of Diversified Royalty and gave the stock a "buy" rating in a research note on Wednesday, February 26th. CIBC lifted 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 note on Tuesday, March 25th.

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.