Diversified Royalty Corp. (TSE:DIV - Get Free Report) announced a monthly dividend on Thursday, May 15th, TickerTech Dividends reports. Stockholders of record on Friday, May 30th will be given a dividend of 0.0208 per share on Friday, May 30th. This represents a $0.25 annualized dividend and a dividend yield of 8.40%. The ex-dividend date is Thursday, May 15th.
Diversified Royalty Stock Performance
Shares of TSE DIV traded up C$0.01 during midday trading on Friday, hitting C$2.97. The company's stock had a trading volume of 213,031 shares, compared to its average volume of 282,421. The stock has a fifty day moving average price of C$2.81 and a 200 day moving average price of C$2.87. Diversified Royalty has a one year low of C$2.50 and a one year high of C$3.09. 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 firm has a market capitalization of C$454.05 million, a price-to-earnings ratio of 15.50 and a beta of 1.57.
Wall Street Analyst Weigh In
DIV has been the topic of a number of analyst reports. Desjardins set a C$3.75 target price on shares of Diversified Royalty and gave the stock a "buy" rating in a report on Wednesday, February 26th. CIBC upped their target price on shares of Diversified Royalty from C$3.00 to C$3.10 and gave the stock a "neutral" rating in a report on Tuesday, March 25th.
Check Out Our Latest Stock Report on DIV
About Diversified Royalty
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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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