Diversified Royalty (DIV) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diversified Royalty in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DIV shares.
View DIV analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12 month price targets for Diversified Royalty's stock. Their DIV share price forecasts range from C$3.30 to C$4.50. On average, they anticipate the company's stock price to reach C$3.95 in the next twelve months. This suggests a possible upside of 39.6% from the stock's current price.
View analysts price targets for DIV or view top-rated stocks among Wall Street analysts.

Diversified Royalty's stock was trading at C$2.98 at the beginning of the year. Since then, DIV shares have decreased by 5.0% and is now trading at C$2.83.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
View our DIV earnings forecast.

Diversified Royalty Corp. (TSE:DIV) released its quarterly earnings data on Thursday, March, 9th. The company reported ($0.03) earnings per share for the quarter. The business earned $12.72 million during the quarter. Diversified Royalty had a trailing twelve-month return on equity of 7.51% and a net margin of 33.60%.

Diversified Royalty announced a monthly dividend on Monday, May 1st. Stockholders of record on Monday, May 15th will be paid a dividend of 0.02 per share on Wednesday, May 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date of this dividend is Friday, May 12th.
Read our dividend analysis for DIV.

Diversified Royalty (TSE:DIV) pays an annual dividend of C$0.24 per share and currently has a dividend yield of 8.60%. DIV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for DIV.

Based on aggregate information from My MarketBeat watchlists, some companies that other Diversified Royalty investors own include Bombardier, Inc. Class B (BBD.B), Whitecap Resources (WCP), American Hotel Income Properties REIT (HOT.UN), TransAlta Renewables (RNW), Slate Office REIT (SOT.UN), Pembina Pipeline (PPL), Vermilion Energy (VET), Athabasca Oil (ATH) and Enbridge (ENB).

Diversified Royalty trades on the Toronto Stock Exchange (TSX) under the ticker symbol "DIV."

Shares of DIV stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of DIV stock can currently be purchased for approximately C$2.83.

Diversified Royalty (TSE:DIV) has a market capitalization of C$403.87 million and generates C$47.78 million in revenue each year. The company earns C$16.05 million in net income (profit) each year or C$0.12 on an earnings per share basis.

Diversified Royalty's mailing address is 902-510 Burrard St, VANCOUVER, BC V6C 3A8, Canada. The official website for the company is diversifiedroyaltycorp.com. The company can be reached via phone at +1-604-2353146.