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

Key Points

• Diversified Royalty Corp. declared a monthly dividend of C$0.0229 per share, representing an annualized yield of 7.8%, with the payment scheduled for October 31st.
• The company's shares opened at C$3.53, with a market capitalization of C$598.92 million and a P/E ratio of 22.06.
• Diversified Royalty engages in acquiring royalties from multi-location businesses and franchisors, allowing partners operational control and tax benefits on royalty payments.

Diversified Royalty Corp. (TSE:DIV - Get Free Report) declared a monthly dividend on Wednesday, October 15th, TickerTech Dividends reports. Investors of record on Friday, October 31st will be paid a dividend of 0.0229 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Wednesday, October 15th.

Diversified Royalty Trading Down 1.1%

Shares of DIV stock opened at C$3.53 on Monday. Diversified Royalty has a 1 year low of C$2.50 and a 1 year high of C$3.81. The firm's fifty day simple moving average is C$3.56 and its 200 day simple moving average is C$3.20. The firm has a market capitalization of C$598.92 million, a P/E ratio of 22.06 and a beta of 0.93. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70.

About Diversified Royalty

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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