Diversified Royalty Corp. (TSE:DIV - Get Free Report) announced a monthly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.021 per share on Friday, May 31st. This represents a $0.25 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date is Tuesday, May 14th.
Diversified Royalty Stock Performance
DIV stock traded up C$0.04 during trading on Friday, reaching C$2.84. 186,238 shares of the stock were exchanged, compared to its average volume of 232,257. Diversified Royalty has a twelve month low of C$2.35 and a twelve month high of C$3.07. The company has a current ratio of 0.69, a quick ratio of 1.74 and a debt-to-equity ratio of 128.77. The company has a market capitalization of C$467.15 million, a P/E ratio of 12.91 and a beta of 1.58. The stock has a 50 day simple moving average of C$2.84 and a 200-day simple moving average of C$2.74.
Diversified Royalty (TSE:DIV - Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The company reported C$0.06 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.01. The company had revenue of C$16.39 million for the quarter, compared to analyst estimates of C$16.84 million. Diversified Royalty had a return on equity of 13.46% and a net margin of 56.15%. As a group, sell-side analysts anticipate that Diversified Royalty will post 0.1800743 earnings per share for the current year.
Wall Street Analysts Forecast Growth
DIV has been the topic of several analyst reports. Raymond James set a C$3.40 price target on shares of Diversified Royalty and gave the company an "outperform" rating in a report on Thursday, February 8th. Cormark dropped their price target on shares of Diversified Royalty from C$4.25 to C$4.00 in a research report on Monday, February 26th.
Read Our Latest Stock Report on Diversified Royalty
About Diversified Royalty
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Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.
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