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

Key Points

• Diversified Royalty Corp. has declared a monthly dividend of C$0.0229 per share with an annualized yield of 8.1%, payable on August 29th to investors of record as of August 29th.
• The ex-dividend date is set for August 15th, and the company's stock saw an increase to C$3.39 during trading, with a market capitalization of C$518.26 million.
• Diversified Royalty Corp. specializes in acquiring royalties from multi-location businesses and franchisors in North America, providing partners with operational control and tax benefits on royalty payments.

Diversified Royalty Corp. (TSE:DIV - Get Free Report) declared a monthly dividend on Friday, August 15th, TickerTech Dividends reports. Investors of record on Friday, August 29th will be paid a dividend of 0.0229 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Friday, August 15th.

Diversified Royalty Stock Down 0.3%

Shares of DIV stock traded down C$0.01 on Friday, reaching C$3.44. 245,324 shares of the stock were exchanged, compared to its average volume of 309,820. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70. The business's 50 day moving average price is C$3.23 and its 200 day moving average price is C$2.97. The company has a market capitalization of C$525.91 million, a price-to-earnings ratio of 17.96 and a beta of 1.57. Diversified Royalty has a twelve month low of C$2.50 and a twelve month high of C$3.47.

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.