Diversified Royalty Corp. (TSE:DIV - Get Free Report) declared 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 Trading Up 0.3%
Shares of DIV traded up C$0.01 during mid-day trading on Friday, reaching C$2.97. The stock had a trading volume of 213,031 shares, compared to its average volume of 282,421. Diversified Royalty has a 52-week low of C$2.50 and a 52-week high of C$3.09. The firm has a market cap of C$454.05 million, a price-to-earnings ratio of 15.50 and a beta of 1.57. The business's fifty day moving average is C$2.81 and its 200 day moving average is C$2.87. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Desjardins set a C$3.75 price target on shares of Diversified Royalty and gave the stock a "buy" rating in a report on Wednesday, February 26th. CIBC increased their price objective on Diversified Royalty from C$3.00 to C$3.10 and gave the stock a "neutral" rating in a research 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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